Inverse Head & Shoulder formation on chart, Follow Chart
Buy AUROPHARMA above 775 T1: 795 T2: 820 T3: 845 SL: 735
AURO is making a descending triangle,currently on the edge, for a reversal or a breakout.
AUROPHARMA has been mirroring its previous steps to a great degree of accuracy. Currently at the neckline after making the doubletop, the "M" pattern. ALso falling on 382 fib level of the leg up.
NSE:AUROPHARMA touched the support line, at 718, on Friday and retraced to 724 levels. Buy Aurobindo above 731. Target 760+. SL 717
Sell signal active on Aurobindo pharma...need to sell blw friday's low with closing stop abv 740 on swing close..target should be 680 or may be it turned from 691.75..for further details...https://www.screencast.com/t/4ZGY5oUz
Its been moving in mirror fashion. the Staircase pattern taken while the down leg, is being followed on the leg up. Also the parallel channels are being respected.
CNXpharma has possibly bottomed out at 8315; atleast for the medium term 1. Completion of ABC correction (A=C) 2. Recent low at 8315 sits rights above a major consolidation zone 3. Recent Low also falls along a trendline support 4. RSI divergence on weekly and daily charts A full EW count is not possible since the index is barely 4 years old and its...
explained in the charts sry for late as upload restriction
Symmetric Triangle pattern formation on Auropharma and it may break either side. Trade Long: Buy above - 750 Target 1 - 760 Target 2 - 770 Stop loss - 738 Trade Short: Short below - 740 Target 1 - 730 Target 2 - 720 Stop loss - 752
Looking at the price action, there is a case to suspect that he stock could get into a prolonged period of consolidation or range-bound movement between the two magenta lines marked in the chart. Pay attention to the spike in volume few weeks ago when the price approached the top magenta line. The price got rejected at the higher end of the range, which is a...
Symmetric Triangle pattern formation on Auropharma on 15 mins timeframe and it may break either. Normally Symmetric triangle pattern only to break either and other two triangles won't break either side. Will explain on another chart about other triangles. Trade for Long: Buy above - 666.50 Target 1 - 668.75 Target 2 - 670.60 Stop Loss - 664.50 Note - If the...
None can assure whether pullback will happen or not but if it goes as per plan then we are good to trade. But take care of below points : i) Short-term setup lasts day or two ii) Risk:reward tool is approx, if you feel stops are wider, reduce it iii) Aggressive entry still valid, but conservative only on pullback
- The index level retraced to the 20 day SMA - Even though there is a little further to go for 61.8 % Fib level, hanging man pattern is clearly visible on the chart - Looks like a reasonable risk/reward play on the short side considering above two factors - Sunpharma, Auropharma, Biocon, Wockpharma etc seem like a good bet
Wait & Watch : Watchout for 640 & 690 level in Auropharma. If it breaks above 690 can go up to 800 or if it breaks below 640 it will take a support at 590. Regards
Wave 4 will not terminate in the area of wave 1. So come Monday worst case scenario would be markets would reverse and test area of 627-630 zone where wave 4 would continue on its downtrend again. SL here can be on EOD wave 1.
The stock has broken short term trend line and now testing is from above, later it has formed an Ascending channel and is at the lower boundaries being the confluence of both it is offering a beautiful entry for long. one can go long with Stop loss of 652 on closing basis for target of 720 reasonable risk to reward ratio.