Auropharma best time to short the stocksince the channel s broken in day time frame and the target for the sell is (first target is 715 and 640) stop for the day time frame is 900 since the view is long time
AUROPHARMA trade ideas
Auro pharam may come down to 729-726 range Bullish cypherNifty pharma index seems to be correcting .
Auro pharma may come down to 726--729 range.
From there it may reverse.
[Buddha] AUROPHARMA Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
[Positional] Auropharma Short RSI showing divergence to price, the stock looks ripe for a healthy correction.
Also Price is at a major supply zone.
Sell If it breaks Previous day low PDL with stop at Previous day high PDH
Sell below 763 with stop 794.
Paid Attention to rhythm of the wave, AUROPHARMA next move....!!The wave A and B in both sets parallel channel and Wave C will be set of mnext 5th Wave.
Elliott’s cycle of the 5th Wave is under-construction. 3rd wave was extensive in price and after it, Two Sets of AB and C with slanting parallel channel .
-> Bottom Out: You have figured out that Wave 4 would normally retrace 0.618% of Wave 3.
Wave Personality : I won't expect 5th too much extensive than 3rd wave that why A, B, and C cycle fall projected in the chart.
----------One DAY chart----------
A continue move towards up-direction from level 288 to 818.
Main Resistance level is 830
From the current level price will be attracted near 769 price, and continue to follow the price up-to 842.
AURO PHARMA COMPLETED ITS TRAPPING AND READY TO MOVE DOWN !!Hi Traders,
1. On May 25th, 2020, I mentioned in the analysis is quoting for your consideration " 2. Now come to the technical part. I showed you a volume area that it is decreasing with increasing price. Therefore, the volume relationship with the price should come down. But what I feel is this is classic trapping of sellers. Hope has been creating by buyers showing weakness so that sellers start taking the good loss in the hope trade. As you know the psychology of human beings, They stay in losses and left in profit. This is what creating in this scrip." You can see trapping continued till last week. Almost one month ago I told you the psychology of this type of trade and the same happened. I gave you a target of this move in point no.3 of that post is quoting for your consideration" 3. A red channel is created at the top of a strong zone showing weakness. By confusing sellers that price will break the red dotted channel lower end and will not take the support of strong zone. But here reality is different by trapping more sellers and keeping the rest of sellers in the hope trade. At a certain point boom to the upper zone of white color in fig. This is how I Manifested the move of this stock. An illusion is being created of different factors that sellers so that sellers find their positions for entry." . You can see On decreasing volume price were trapping sellers. And exactly achieved my target. Had somebody known How to time your trade would have made good money. Because all trade had already given to one month ago. Even update also supported you in timing also. compare that post with the current you will feel the reality and get a deep insight.
2. A red dotted line channel as shown in the previous post is ready to be breached. If the yellow dotted line is taken out on the next trading session on 4 hours time frame then uptrend will change to the downside with the target of the red zone. After fulfilling the condition of the taken out price may give pull back to the yellow line which should act as resistance that line is not taken out to upside then the trend will be changed to the downside.
3, In any case, yellow line condition gets failed then will get resistance from the white zone. Chances are very less to take the upper end of the zone out. But this is game of probability so that condition can not be ruled out. The rest price will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial advisor. This study is for educational purposes only.
AUROPHARMAPrice traded to the weekly supply level.
Enter Short and target around 700 with a SL @previous high 840.
AUROBINDO PHARMAAUROBINDO PHARMA
BULLISH SIDE VIEW
- if breaks 798
T 1- 807
T2 - 815
T3 - 823
BEARISH VIEW
IF BREAKS 780
T1 - 770
T2 - 765
T3 - 760
Above levels are purly as per the price action
Note :- Only for educational purpose
Should you need further information please leave a comment
Thanks and regards
Pradeep Sheoran
AUROBINDO PHARMA LONGThe stock has recovered sharply and has found support at the pre-virus high point. It has also been in consolidation for the past few days, and may continue on it's upward trend this week. Keep an eye on the stock. The support level is at 610-615 zone. Expecting a breakout above 650 this week.
Pharma sector has been a strong performer in this crash and will continue to do so with the extension of the lockdown in India.
Any comments or suggestions about ideas are more than welcome. :)
CONSECUTIVE TWO NR7 DAYS FOR AURO PHARMA.Some movement expected from it in one to two days.
Buy only above the line shown in the chart for the target line.
as per me auro pharma is attempting to cross that resistance line.
if it succeeds it will take to the target line.
I will suggest to buy only above that resistance line as stock has appreciated already.
do n't forget to like my post if it is helping you.
follow me to get such updates.
Auropharma - B- Wave Shift Can Cause Havoc 790-810 Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trading Strategy
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Plan A ( Long Term Analysis)
As suggested several times 790-810 is the danger zone so you better be careful as any small indication of the fall below 810 can take this stock deep down which will be reviewed later
Strictly - No Selling if crosses above 810 levels
Plan B (Short term)
Any move above 810 - You can expect upside push to 830/840 zone but strictly above 810 levels only
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Nifty for 19th June 2020
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Review of 18th June 2020
Intraday Push of 100 points above 10000. Hope you enjoyed.
What Next - 19th June 2020
Have Bearish Gartley Structure at 10100 Levels Exact
Plan A
Selling Strictly below 10100 levels for 9950 -Target 1 & Dropping below 9950 -Expect more on downside
Plan B
Moving Above 10100 - This harmonic pattern -Throw away & expect 10170-10200 as suggested earlier -strictly above 10100 levels
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Thanks for watching the video & your precious time
