AUROPHARMA-NSE
AUROPHARMA SHORT (Weekly)I hope you can now see how AUROPHARMA represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
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Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Paid Attention to rhythm of the wave, AUROPHARMA next move....!!The wave A and B in both sets parallel channel and Wave C will be set of mnext 5th Wave.
Elliott’s cycle of the 5th Wave is under-construction. 3rd wave was extensive in price and after it, Two Sets of AB and C with slanting parallel channel .
-> Bottom Out: You have figured out that Wave 4 would normally retrace 0.618% of Wave 3.
Wave Personality : I won't expect 5th too much extensive than 3rd wave that why A, B, and C cycle fall projected in the chart.
----------One DAY chart----------
A continue move towards up-direction from level 288 to 818.
Main Resistance level is 830
From the current level price will be attracted near 769 price, and continue to follow the price up-to 842.
AUROPHARMA @ 52 WEEK HIGHAUROPHARMA finally trading at 52 week high.
Either there will be great buying opportunity or huge sell up momentum .
Wait, watch then enter.
My mood is about for Long with strict Tight SL.
BUY above 804
Target 1- 814
Target 2- 824
Target 3- 834
Warning: Tight SL otherwise it will hurt your pocket very hard!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
Paid Attention to rhythm of the wave, AUROPHARMA....!!!!Kinnari + Elliott's wave theory
5 + 3 = Waves
The wave A and B in both sets parallel channel and Wave C will be set of mnext 5th Wav e.
Elliott’s cycle of the 5th Wave is under-construction . 3rd wave was extensive in price and after it, Two Sets of AB and C with slanting parallel channel.
-> Bottom Out: You have figured out that Wave 4 would normally retrace 0.618% of Wave 3.
Wave Personality : I won't expect 5th too much extensive than 3rd wave that why A, B, and C cycle fall projected in the chart.
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