Don't Just Dial, Take a Call Bearish Rejection at 407, wait for market open to see more rejections and as I said don't just dial, take a call, risk to reward is good on this one. Protect your money and use proper risk management.
About me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his travelling sword along with rented ferrari came down here in the modern age of 2020, sold his ferrari and managed to gather some money for this trading.
Disclaimer:- Don't Listen to me, I'm not a financial advisor
AUROPHARMA
HAS AURO PHARMA EXHAUSTED OR TRYING TO TRAP MORE SELLERS !Hi Traders/Investors,
Last time when I posted this scrip analysis one of my followers was short at 701 with heavy quantity . I gave advice to come out from this position as sellers are being trapped . See it touched almost 780 . Now again this time my one of the followers is long . Eagerly waiting to know next move. So for this time, it is for you and many more traders who are on long side. See a red color channel is in fig where price took resistance and made shooting star candle circled in pink, which is activated now as second candle closed below candle circled . This gives me first information if this down move continues the end of main green dotted trendline then i will lose my money. So if i am long I will book my position here. I will not wait to convert my trade into hope that red dotted channel and green doted line will act as support. In any case if this area provides support then I will reenter in position rather to finish my profit of trade in hope.If you see the last statement of mine. I clearly said trap rally can end near white resistance line. Price did not touch it but made micro resistance zone at top.If strong bears entered at red channel top then price should move out of green trendline. If week then this area will provide support. simple logic. if price gets support at green line then a final up move can be seen to white line. on reaching at that area I will see will it continue further or finish. other side as soon as price takes out green dotted line with white support zone then trend will change . so follow conditions properly. I manifested both side trades with clear logic and conditions. If you want to win then maintain discipline by following conditions. Rest market will decide.
YOGESH VATS
SHORT POSITIONS ARE BEING TRAPPED IN AURBINDO PHARMA SEE HOW?Hi traders/investors,
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 and those who are in similar circumstances . See care fully.
1. Before going to technical part I share which phase is going in this stock. Actually Re-accumulation is going in this script. Means buyers are buying at attractive levels by keeping price in range. So trapping has been done by buyers. It does not mean bears do not play in it. At certain point buyers do not show interest for buying .They give chances to sellers to take price down so that they also get chances to buy at lucrative price again. In short all game is in hands of buyers but they show that both sides are fighting to gain control. Even the best panelist on air say market is in range bulls and bears are struggling to take control. This is not true. The psychology behind this re-accumulation is that which I shared with you all.
2. Now come to technical part. I showed you at volume area that it is decreasing with increasing price. Therefore, volume relationship with price it should come down. But what I feel is this is classic trapping of sellers . Hope has been creating by buyers showing weakness so that sellers start taking good loss in hope trade. As you know the psychology of human being , They stay in losses and left in profit. This is what creating in this scrip.
3. A red channel is created at the top of strong zone showing weakness. By confusing sellers that price will break the red dotted channel lower end and will not take support of strong zone. But here reality is different by trapping more sellers and keeping rest of sellers in hope trade. At certain point boom to upper zone of white color in fig. This is how I Manifested the move of this stock. A illusion is being created of different factors which sellers so that sellers find their positions for entry.
4. Now talk about other side. See a very strong zone and green dotted trend line until and unless this is not taken out structure is in pure up trend.I will leave my long when green dotted trend line is breached.
5. I showed the anticipated movement in white color price will come down to this strong zone and will start its final move to upper white zone. This is the whole scene . Now Dear follower decide your self with your selling price what you want to do. I can be wrong any day any time. For investors this is not the right time to invest in this scrip. Rest price will decide.
YOGESH VATS
For Auro-pharma bullish movement is going to ready.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 - PEAKED ? 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
Happy trading
MSK
Auropharma achieved our first targets!!!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!
#LETSTALKABOUTMARKETS- AUROBINDO PHARMA 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 sloping downwards which indicates that the upward price movement will not last for long.
2. MACD - Moving average convergence divergence as it is called, has also showed a crossover which further confirms the weakness in the stock price movement.
3. Bollinger Bands - BB also seem to be squeezing out which shows low volatility. One can wait out to see the price movement, where the Bollinger Band seems to be expanding.
The upward price movement might fade out soon and might even move sideways before cracking down. One can take a position by keeping a stoploss around 715 and wait for the target of 600 and an extended target of 560.
*This is my opinion and i am not registered with sebi*
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.
Please, share your LOVES by giving LIKES and comments .
GBPAUD is in a downtrend, looking for a sell opportunityGBPAUD 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 advisor and my analysis are just for entertainment or educational purposes, I don't recommend any of my trades. Please use a stop loss and do a favour on yourself by not blowing up your trading account & your hard earned money for which you have grinded your ass off!! Lol
GBP/NOK is in a downtrend, looking for sell opportunityGBP/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 educational purposes, I am not a financial advisor, Control your risk and save your account from blowing up
Took a sell on GBP/NZD on 1HrPrice 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 will help you to not blow your entire trading account lol). Good Luck to me
Trade Setup For Aurobindo PharmaAurobindo 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 around the world.
Trade Cautiously..
Do your analysis before taking a trade
Aurobindo Pharma : Mirror image trade potential & strategyAurobindo Pharma
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
&
580 Put option around 16
Lot size 1000
Max profit potential in strategy Rs 35000/-
Loss in strategy if Aurobindo Pharma closes above 755 or below 545 on 28-May expiry day
----------------------------------------------------------------------------------------------------------------
Cash buying may be considered in 580-615 range
----------------------------------------------------------------------------------------------------------------
Trading in Options involves risk. Understand & do follow risk management measures. Consult your financial advisor.
Take care & safe trading...!!!