AUROPHARMA
Evening Star Formation on the card for Aurobindo Pharma!After a long bullish candle, today a doji is formed with high volume which means uncertainty in the market. Profit booking might be happening and tomorrow we may see the bears getting into the market. Short tomorrow at the bottom of today's doji. RSI is also at 75 suggesting over bought condition.
AUROPHARMA KEY LEVELS SUPPORT AND RESISTANCE 20/04/2020Key Levels for AUROPHARMA:
UPPER BREAKOUT~555
FIRST TARGET~565.90
INTERIM RESISTANCE~576.05
FINAL RESISTANCE~587.45
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LOWER BREAKOUT~534.30
FIRST TARGET~523.45
INTERIM SUPPORT~510.85
FINAL SUPPORT~498.25
Please trade with caution and consult your financial adviser before trading.
AUROPHARMA KEY LEVELS SUPPORT AND RESISTANCE 17/04/2020Key Levels for AUROPHARMA :
UPPER BREAKOUT~557.25
FIRST TARGET~576.40
INTERIM RESISTANCE~590.20
FINAL RESISTANCE~604.80
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LOWER BREAKOUT~536.10
FIRST TARGET~518.05
INTERIM SUPPORT~496.40
FINAL SUPPORT~480.20
Please trade with caution and consult your financial adviser before trading.
AUROPHARMA KEY LEVELS SUPPORT AND RESISTANCE 15/04/2020Key Levels for AUROPHARMA :
Upper Breakout~518.80
First Target~534.20
Interim Resistance~550.50
Final Resistance~565.90
**Lower Levels**
Lower Breakout~488.05
First Target~474.60
Interim Support~460
Final Support~441
Please trade with caution and consult your financial adviser before trading.
AUROPHARMA NEWS BASEDIF I USE NORMAL CANDLE STOCK HAS STRETCHED A LITTLE ABOVE .786 LEVEL BUT I USED HEIKIN ASHI CANDLE NOW PICTURE IS CLEAR STOCK HAS CLEARLY CLOSED BELOW .786 HARMONIC REVERSAL LEVELS AND ALSO STOCK CANNOT STAY OUT OF CHANNEL FOR LONG SO IT WILL SOON ENTER THE CHANNEL ACCORDING TO ME FIRST LET 585 BE BROKEN CLOSING BASIS IT IS TEMPORARY SUPPORT
NOTE: USE 30 MINUTE CANDLE FOR EVERYTHING
STOPLOSS IS 615 ON CANDLE CLOSING BASIS
Auropharma , 20% up in a day now may be 20% down in a day !!!!Profit booking and trailing is the important concept of trading which people ignore's many time , if somebody is following the chart it was clearly a resistance at 615 levels ( marked blue ) , now their is a gap lets see if it feel's up the 500 levels, !!!!!