sell auropharma below 687 sl 697 tgt open
Uptrend may continue Bought at 677 target 724 SL 634
Falling wedge pattern-breakout Buy above -668 stop loss -622 short term Tgt-705
The stock's recent rally has been capped at the 61.8% FR (680) with the RSI making lower peaks showing weakness. Expecting the current range bound move (680 - 665) to resolve on the down-side. The target is 645. A 15-min close above 680 would negate this weakness and the trade.
Target 1 683 Target 2 708 Stoploss 659
as we can see that there are couple of dojis in overbought area and bearish divergence add to it and i will prefer to short the stock
Short Term Trading Strategy Going below 640- Selling could resume back for support zone 580-590. This is how we moved in 2016 In charts below- click the charts & use load bar feature Auropharma- 5th Wave Terminal Thrust Have we started Up-Up & Away Excitement is yet to come-upside channel breakout- Warning bell- Channel broke downside Top@895-...
Did you press the panic button when 895 high was made, In my first update & follow ups I wrote that Auropharma could be heading for terminal thrust above 814. Indeed, it came true & 895 became the high of year 2016. Another update- "895-is this the end" takes you ahead why we are expecting more weakness in the stock. As per latest update, below 704- It shall...
Expecting that, "Bullish Harami" pattern could lead prices to break the downward sloping trendline. Price also to get support from RSI where it is breaking towards up from 30 levels. Prices may trade higher till 724-745 by next month.
Auropharma reached the support zone on weekly chart. Coming expect upward bias and watch the broken trendline for resistances
Daily chart looks weak with multiple dojis with uncertinity, good to short thinking it will break the lower channel line for a T-700, SL-730. However, if the lower channel line gives support and the markets are not negative it may not workout.
Seems Like Auropharma is heading towards 560-580 zone ...for Long accumulation ..watch out
Aurobindo Pharma has been trading in down trend but it closed with bullish sign making a bullish hammer, traders may enter long up the channel resistance of around 720 and this level is crucial and channel breakout is possible as it has already tested the log term support.
We are in the trade below 704- are you?- Gain Gain & Gain. Below 704- Auropharma became naughty child- did you start beating him, already 30 points down below 704 as expected in earlier updates. Between 590-600 zone Auropharma travels equal distance as it travelled in wave-((i)) from 895 to 680's Related Analysis attached below- 895-is this the end- did you...
Auro Pharma is bearish counter, this stock is trading with in the Big Candle It is giving response to the supply line. so it will go up to big candle low. if it is close below this low 698 break if this candle, heavy selling may be seen in this counter. next target is swing low 615 is possible. wish u happy trading and enjoy this trade
Sell Setup below rising trendline & likely below 704-705. Related Analysis Attached- "895--is this the end - did you press panic button"
The last trading sessions move has given a clue that our primary count is active which c-wave in yet to complete wave-((ii)). Trading Strategy Going above 745- Shall move up first in the zone 755-760 & if sustains then we will even more high prices as room on upside is open till 810-830 zone Or look for a pullback to the zone 720-725 if holds, then it could...