KEEP A WATCH STOCK auropharma is grrowing have a close eye on it and open some long order on it this is really gonna high.
AUROPHARMA trade ideas
3-Tricks : Where to start Elliott Wave counting on the chart? I get a lot of questions about Elliott Wave but a particular question often received from the followers:
Where to start wave counting on the chart?
How do I begin/start wave counting on the chart?
How do you do Wave Counting?
I’m going to introduce working 3-tricks which are used by me while establishing Elliott Wave Counting on a chart. These are my steps/processes or tricks that can help you to start counting waves.
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T rick 1 : Begin with an Extreme High and Low
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Key thing: you can actually begin the wave counting over the Extreme Low or Extreme High . It doesn’t matter if you start from extreme low or high. I am going to start Impulsive Wave Counting from Extreme Low in the middle of 2001.
The Wave Counting is quite simple on this chart with Wave 1,2 and nice acceleration in wave 3 that moves more confidently, wave 4 pullback and five-wave advance impulsive again. Now corrective phase, flat A, B, and C correction. This is a very easy and clear chart to identify wave counting.
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T rick 2 : Recognize the Pattern
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Just simply ask yourself “Do I recognize the Pattern?”
The answer is NO, then Okay
Next, ask yourself, Do I see a motive or corrective wave?
Elliott Wave classification in two phases, Motive, and Corrective phases. If it’s a motive-phase (wave 1,2,3,4 and 5) then, you have two patterns to work with:
1. Diagonal and,
2. Impulsive waves.
Suppose to, its Corrective-Phase (A,B, and C) then, you have 3 patterns,
3. Flat,
4. Zigzag and,
5. Triangle.
This is a counter-trend move(Corrective Phase) having Zigzag Pattern A, B, and C.
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T rick 3 : Start in the middle and move forward
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I don’t know what is going on but, in Aug 2013, the price moved 201 points from 69 to 271 which is a very strong upward move in a short period of time . This is a clean and clear sign of the 3rd wave .
If this move is Impulsive wave 3 then prior swing low can be labeled as wave (2) and prior swing high can be labeled as wave (1). Basically, it is Wave (1), (2), 1,2,3,4, and 5, (3), (4), and (5) motive phases.
More often, we may see gaps and price surges in a short period of time in Wave 3.
DON'T WORRY IF YOU ARE NEW IN WAVE ANALYSIS OR ELLIOTT WAVE. I CAN HELP YOU.
Aurobindo Pharma formed hammer on 5 year major support levelAurobindo Pharma has formed a hammer on 23rd August on a major 5 year long support level. The stock is trading up from previous level, indicating bullish momentum with good volume. I see a bull run on cards from this level.
auropharama Auropharma fut
BUY ABOVE - 686 TARGET 692,697,702 SL 679
⬇️ SELL BELOW - 678 TARGET 673,668,662 SL 685
auropharma in downtrend level trade trade and get profit of 1%
Auropharma - buyBuy from cmp to 672
easy target 728
Disclaimer : This is my personal analysis for study purpose not intended for trading
AUROPHARMA long setupAlthough we see a breakdown in AUROPHARMA, one can go take a long position at this price with a stop loss below 675 for the targets of 740 - 750.
#AUROPHARMA is great for medium to long term investments1. It has reached the long-term support zone.
2. Poor acquisition deal canceled by board.
One my accumulate #AUROPHARMA between 630 to 700 for the target of 788, 871, and 940.
💉💊 #auropharma 🎯NSE:AUROPHARMA
Pharma sector is already much oversold but it doesn't mean that it can reverse from here tomorrow only, so whoever knows reversal trading those only please try to trade on this chart.
As one can see at the D point of harmonic pattern there is a dashed line that is called harmonic PRZ even below that there is one line with a caption like closing basis stop loss so if anyone can fid reversal in this marked zone then only fo go swing trade with given stop loss. try to trade as per your trade setup and if you don't understand this reversal trading try to just observe and check out old posted charts for better understanding.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
[Diary] AuroPharma Price Action BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Weekly AUROPHARMA InvestmentWEEKLY AUROPHARMA Investment-Patience-Blackcandle #CatchFallingKnife Note: My personal view not to follow.
MONTHLY AUROPHARMAMONTHLY AUROPHARMA #AUROPHARMA Investment-Patience-BlackCandle-BlueCandle #CatchFallingKnife Note: My personal view is not to follow.
#AUROPHARMA is at 60M major support of 700#AUROPHARMA is at 60M major support of 700 it may bounce back if respect this support and it can become a good chance for buyers here
AUROPHARMAauropharma has been in a negative momentum, and we can witness short covering in it, which can lead to buying
AUROPHARMA at weekly supportAUROPHARMA at support on weekly charts. One can go long from here with a stoploss around 725.
Scary.....
Bad results
- 2 support level broken
- Price falling with heavy volume
- stop-loss of 735
Auropharma.... Near strong bounce back zone.
Bullish Zone will act as strong resistance for short time...
Levels Marked...
Happy trading...
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Health sector in trouble and Aurobindo one of the victims?Health sector is not performing good recently and we cxan clearly see its effect on Aurobindo pharma which gave a clear breakdown from the trendlines.
