AUROPHARMA trade ideas
AUROBINDO PHARMA Analysis Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
AuropharmaAuropharma sell.. next levels..
Based on OI, 700 720 and 740 has highest OI in order so can reverse from these level.
Need to check daily and weekly to identify any patterns formed
HAS AURO PHARMA EXHAUSTED OR TRYING TO TRAP MORE SELLERS !Hi Traders/Investors,
Last time when I posted this scrip analysis one of my followers was short at 701 with heavy quantity . I gave advice to come out from this position as sellers are being trapped . See it touched almost 780 . Now again this time my one of the followers is long . Eagerly waiting to know next move. So for this time, it is for you and many more traders who are on long side. See a red color channel is in fig where price took resistance and made shooting star candle circled in pink, which is activated now as second candle closed below candle circled . This gives me first information if this down move continues the end of main green dotted trendline then i will lose my money. So if i am long I will book my position here. I will not wait to convert my trade into hope that red dotted channel and green doted line will act as support. In any case if this area provides support then I will reenter in position rather to finish my profit of trade in hope.If you see the last statement of mine. I clearly said trap rally can end near white resistance line. Price did not touch it but made micro resistance zone at top.If strong bears entered at red channel top then price should move out of green trendline. If week then this area will provide support. simple logic. if price gets support at green line then a final up move can be seen to white line. on reaching at that area I will see will it continue further or finish. other side as soon as price takes out green dotted line with white support zone then trend will change . so follow conditions properly. I manifested both side trades with clear logic and conditions. If you want to win then maintain discipline by following conditions. Rest market will decide.
YOGESH VATS
IS AUROPHARMA READY FOR FALL?Auropharma has formed Evening Star on 4 Hour Time-Frame. Confirmation Bearish candle is also formed. If it breaks below Rs. 754 it will enter into sell zone. It is also giving sell signals on Daily chart.
Disclaimer: This is just for Education Purpose. I'm not in any way advising you to buy or sell. Trading in stock markets is risky. Please consult your investment advisor for trading and investment recommendation.
auropharma where to sell????stock will face stiff resistance at 740 levels if taken out can move towards 780++
offload the stock from 750 levels till 780
shorting oppourtunity will at 780 levels
keep sl as 840
targets 700
680
666
634
612 positional
AUROPHARMA.. run over?AUROPHARMA.. blitzkrieg run is most likely over for the short term
looking for correction to 700 680 655 with time SL todays high.
note: results on June 3rd
AUROPHARMATake trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
if price opens between the target and entry line, I usually dont trade that scrip.
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Auropharma- Harmonic Bearish Butterfly Pattern - ShortAuropharma has formed Harmonic Bearish Butterfly Pattern .
Once the Script reaches 760.10..
Go for Short..
Target 1 - 630
Target 2 - 550
Target 3 - 500
SL - 840
Disclaimer: Kindly do your own analysis before executing the trade
