I am expecting a ending diagonal that will complete the wave C of the correction under consideration.
From last update- "Post beautiful 5 waves" - suggested that moving above 795-800 -it will likely travel to the zone 812-815- which is 61.8% retracement of the fall from 895 to 680. What happened? Made high@791 -post that had an aggressive fall to lows@698. So if it continues down below 698-there is short side opportunity & going below 680- It will confirm...
Aurobindo Pharma is trading in the bearish channel since breaking the uptrend, om Monday market open will decide it further direction, it may go either way, if market open red, it may retest the support 680.00 on the other hand if market open green it will go towards channel resistance 760.00, the game is 50-50. traders may wait to see where market is heading on...
This idea was premarket but i did not buy the stock because i thought markets would correct more to 8500 levels.
Buy on Dips till 680. SL 650 Target- 760 Target 2- 800 Time Frame- 2-3 Months.
AuroPharma is at support 727-728, if it breaks down that support and goes below 725 then we can see a downfall towards our trendline marked in chart & it can target 700 and below keeping in mind that it should not break 742 on the upside.
Post the fall from 895 to 680 - Auro will likely do an ABC count- corrective waves are tough to guess-what type will it be but likely it should look for 61.8% of zone of the fall from 895 to 680 which is 812-815 as the resistance zone because it has already crossed 50% resistance zone at 788-790. Trading Strategy Look for a pullback as a short term buying...
Dear Traders, Trade 2 (15/11/2016). Descending Triangle and Channel Down formation on 15mins chart . Buy above 777 Target - 785 Points gain - 8 Sell below 761 Target - 754 Points gain - 7
It could now trace out a corrective or a time consuming pattern in larger 2nd wave. Did you press the panic button Top@895- Is this the end 5th Wave- Terminal Thrust Above 814
Auropharma has made a high of 891 on 12--28-2016. Since then it has been heading lower and Recently it made a double top at 895. The last top was squared at 30 days timing on coming day. Also The stock showed recovery from the trend line support. Adding to that the stock never corrected for more than 4 weeks in the whole up trend. So next week will be very...
Last Update when it had an impulsive -I had a doubt that Auropharma must have finished its top@895. Panic Button has already been pressed when it was trading between 820-840's. I even suggested that going below 806- one should be careful. Today Aurpharma had a severe fall & trading@737- Amazing. Bad luck, was it did not give required bounce in the zone 850-865...
If this is the corrective structure post 806 lows then likely we will see one more push to the zone 855-865 where it will retrace prior down move from 895 to 806 by 61.8%. Also the move started from 806 was A-wave & currently into a B - wave which is always tough to trade- looking for the C-wave to complete in the mentioned desired zone of 855-865 & also to check...
Aurbindo Pharma is looking to trend reversal as today touching its long term channel, tomorrow it may change its trend and is very good opportunity to enter this stock. Before entering wait for breakout, if breakout occurred it will go further down for a target up to 720.00 on the other side if go up then next target may be somewhere above 900.00
Auropharma is in a channel and should complete the 4th wave before moving up. Rather than selling at current level, I would be a buyer near 780-800 zone. Keep an eye.
Long Back when Auro Pharma was trading at 770's - I was looking out for the last leg upside post-e-wave of the triangle in larger degree 4th wave. Likely we got the move also & Auropharma made new high@895 which was close to previous high@891.50. Prices got rejected in the zone 890-900 likely indicate that auropharma could have already topped@895. Fall looks...
With the trendline support & 3 white soldiers will be interesting to watch auropharma for its up move with key level@806. Let us see if we get any retracement for going longs above 838- this retracement should not go below 806-key level.
Auropharma is giving a Buy Setup!! After the correction in 5 wave.. I would expect it to give an upward correction towards 50 to 61.8% fib levels. Happy Trading!!
Last Price@856 Note-1 "Chart Alerts" Use the chart alert function to keep you on the right track -which will alert you on stock movement by giving an email & message. Note-2 "NSE F&O and MCX Data on TradingView Platform" At the bottom of our website- before you sign in your tradingview account -one can visit feature request & vote on the link- "consolidated...