Add this to your watchlist wait for conformation
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take entry only if it is stustaing above "YELLOW" box mentioned
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Fundamentally good stock
Right price to invest
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Dont be aggressive to take entry
it may takes time for right entry
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entry above 500
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stay for update
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refer my old ideas for clear view
Nifty Pharma has been consolidating since 9th August 2023 in a complex range-bound correction.
It is now reading to head higher in a wave 5 circle. Today's strong move is possibly wave i of 5.
Lupin, Aurobindo Pharma, and Glenmark are stronger sub-counters.
Stock Name - Aurobindo Pharma Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 765
#This is not Buy and Sell recommendation to any one. This is for...
A bearish harami is a two bar Japanese candlestick pattern that suggests prices may soon reverse to the downside. The pattern consists of a long white candle followed by a small black candle. The opening and closing prices of the second candle must be contained within the body of the first candle. An uptrend precedes the formation of a bearish harami.
Script...
Stock Name - Aurobindo Pharma Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 702
#This is not Buy and Sell recommendation to any one. This is for...
Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above...
It looking Auro finally getting on reversal trend. Breakout of falling long term trendline after 2 years, spike in volume & also crossed 200 DMA.
R1 -570 - Major hurdle which is also multi year support, once it break can see good up move.
Short term target 570, T2 605 with SL465. Long Term 750 min once it sustain above 565. So please keep adding at every level...
A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star ....
AURO Pharma is trading downward parallel channel since last two year. Also form bullish RSI divergence in weekly timeframe. So, it can buy whenever breaks downward channel for long term investment, or even more than 5-year investment can be done average in this channel and wait for breakout.
This is as per my best knowledge, we are not advising anyone to buy or...
A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star...
Aurobindo Pharma has made a significant low of around 400 and started going up and has made wave 1. It corrected wave 1 between 38.2% & 50% and went higher as wave 3 which was very powerful, strong, and fast. Wave 3 has also contained a minor wave i and after correcting minor wave i @ 50% and got past minor wave i. Now, we can expect wave 3 for 530 (as 100% of...
Stock is has formed a bullish flag pattern on 4H chart being the support region near 455 zone & resistance area at 474 zone. Any sustained move above the level of 475 will lead the stock towards 500/520/560 in a very sharp upside rally.
Trading strategy:
Buy on cmp 473-74 with SL of 455 and look for the immediate target of 500 and later 520/560. The measured...
NSE:AUROPHARMA has quite a few interesting setup traits:
In the volume profile one can see the two PoC (Point of Control) - one during downtrend - another during uptrend - placed at 444 and 474 level.
The PoC at 474 is really interesting. Means the interest is at the sustained levels of price.
Absolute high volume
Uptick in Momentum (RSI).
Price...
Nifty Pharma Near Make-or-Break Zone 11200/11400
Nifty Pharma on Long Term Charts nearing make or break zone
Reversal from here will be good opportunity for long term traders / investors
In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.
Script =...
