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 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...
This is really amazing that aurbindo pharma is showing weakness symptoms where as sellers are being trapped. In fact one of my followers requested to clear the picture of this stock . Basically he is short with heavy quantity. I do not know the rate at which , he took positions. So this analysis for you...
GBPAUD is in a downtrend on daily & 1 Hr, as you can see there are two sell zones and one of them holds a golden zone of Fibonacci 50%. So I would expect the price to come to the 50% and wait for bearish price action signal to confirm my sell call. Profit target will be the next support level. Keep an eye on this one. Lets see what happens.
I am not a financial...
Yes, I have sold 3 lots in future ...
New Update: Suppose to close 670, then hold for target 658-637
Auro-Pharma 692 High... best level short this 692-699 (stoplosss 705)
In the Time-Line, I asked for short 692 nearby:-
Read the earlier published article on Auropharma. The targets on the downside are marked in the chart. Will update this chart once all filters of a short entry condition is satisfied.
The first version of this analysis appeared in the educational blog of Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University)...
Auropharma has made a phenomenal run in the last 10 weeks. Safe sector buying, under ownership in pharma space; call it anything one would like the move in pharma space in general and Auropharma in particular has handsomely rewarded those who kept their nerves steady in the recent up move.The stock has finished 8 consecutive weeks with weekly closing prices...
AUROPHARMA had some good run in recent times
The Price action shows, the first major jump happened with lot of volumes and then consolidation and then smaller jumps based on smaller volume hikes
again there is a smaller volume hike, so consolidation expected in the next few days
Entry, SL and Target provided on the charts
Hi. If u want to get free calls, do ping me!
As said earlier in auropharma that buy above 655 is a strong up, and the result is in front of you. Initial booking might come but the targets there to acheive i feel is 735,
So short below 689 for targets you have never imagined! Till now who are on long they must have booked profits!
On monthly charts clear break out movement is going to ready for the Auropharma. Currently on trading the highly resistance zone as marked & surely will try to break this level as the same level tested several time. Easy target for swing traders is 695-710. A Small pull back can be seen from that level after stock can touch upto the level of 750-800
Auropharma may still gain a bit but it will not be outperforming anymore, adding to that i feel it might under-perform as well. The basis for this are the technical indicators:
1. RSI divergence - RSI divergence is when the price slopes upwards but RSI slopes downwards, forming a negative divergence. As seen in the chart, price is moving upwards whilst RSI is...
GBP/NOK was ranging earlier, then went up and shot down creating a lower low & lower high, is in a downtrend right now on both daily & 1 hr chart. As you can see there are three sell zones marked. Price can test any zone, I can't say which one. If I see a bearish price action signal on the third zone from top, then I might take a sell call.
This is just for...
Price looked like shit when it was in a choppy structure, then finally created a new zone (The big green candle), then price reached the daily sell zone, created a bearish price action pattern and I took a sell call till the next buy zone, lets see what happens.
I'm not a financial advisor, this content is for only educational purposes, always use a stop loss (it...
Forming ED ( ending diagonal ) on wave 5 ,it's bullishness may come to end & correction phase may be triggered.
And last few hours , it also makes head & shoulder pattern . Close below 365 ,may test 340 .
IT'S RSI also makes divergence.
finally look at chart
Aurobindo Pharma is Bullish in my View
-Ascending Triangle Pattern Formed
- Inside Ascending Triangle - Descending Channel pattern Formed and Gave a Breakout Already.
- Multiple Rejections happened Inside the Triangle and the stock price keep in going high
Best Buy above 685
Best Sell Below 640
Trading a Pharma Stock is a Risky, in the Current Things Happening...
Closing price 648
The chart reflects certain pattern & based on our interpretation, we might see some consolidation in prices for the next month or two.
If Aurobindo Pharma is to replicate a Mirror image pattern then a potential Short strangle strategy may be considered.
Consider selling Aurobindo Pharma
720 Call option around 20
Price at upper-bound
--> U-turn alarm
Do you want exact sell signal? You can comment with Yes or No...