Auropharma - Auropharma Day@21st Aug 2018 - 7 Turns Back 2 Back

Aktualisiert
11:51 Hrs 23rd Aug 2018

Last Price@684


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Day High@688.50
We reached all objectives as decided earlier & touched the zone 678-680- Check Last Public Idea- Double Top Extended at 636 becomes triple top - Selling below 637 for 624 & What a Bounce!


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Trading Plan / Strategy for the day
We look to sell in 685-689 zone -with strict stops above 691 - very strict and look for downside targets as mentioned below once it starts going below 684 level.
MACD has negative divergence which is yet not confirmed & we should keep an eye on price as important clue so for weakness we need 685-689 zone to be intact on upside- "only below....684"
  • Target 1 - 678.

    Target 2 - 669-672.

    Target 3 - Below 668 - should hold below 668 for 660-661 Target zone.

    Target 4 - Only below 660 - 661 zone for 649-652 Target Zone.


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Last Idea Review -
Journey from 624 to 678-680 Done

What a pick / bounce from 624 lows - " sell only below 624" - closing statement

Auropharma - Double Top Extended at 636- Becomes Triple Top

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As part of the future assignment - I call this day21st Aug 2018 as Auropharma Day when I was fortunate & blessed to move 7 times back 2 back from 649 lows to 678 Highs as shown in snapshots.

21st Aug 2018

Day Starts with Big Red Candle from 665 to 649


10:06 Hrs - 21st Aug 2018
Chart 1
Action starts from 649 lows - Getting rejected from 649 lows -Positive Case - we sell only below 649

Snapshot


10:53 Hrs - 21st Aug 2018
Chart 2
Booking Partial Profit at 660 Highs

Snapshot

11:26 Hrs - 21st Aug 2018
Chart 3
Falling from 660 highs - If 651-653 gets broken -we sell only below 649 or we see sharp bounce to 665 -670 levels upside

Snapshot

Update
Planning before battle begins
Plan A and Plan B in Action
Plan A – Sell only below 649 and Plan B – Buy holding 649 as low for upside targets as 665-670-678


13:28 Hrs - 21st Aug 2018
Chart 4
Reached 669-670 zone first time for the day from 652 lows

Snapshot

13:56 Hrs - 21st Aug 2018
Chart 5
Fall started from 669 to 660 - If 657-660 zone intact we look for 670 & above 670 -678 highs
Snapshot

14:15 Hrs - 21st Aug 2018
Chart 6
Fall gets done at 660 -661 lows

Snapshot


14:38 Hrs - 21st Aug 2018
Chart 7
What a bounce from 660 lows to 670 -Exact - We buy only above 670 for 678 else again look for 657-660 zone

Snapshot

14:49 Hrs - 21st Aug 2018
Chart 8
Fall started from 670 highs for 657-660 zone

Snapshot

15:16 Hrs - 21st Aug 2018
Chart 9
Fall done at 660-661 zone

Snapshot

15:43 Hrs - 21st Aug 2018
Chart 10
Last Picture for the Day - Bounce started from 660-661 lows for 670 & above 670 for 678

Snapshot


Trade ist aktiv
13:58 Hrs 23rd Aug 2018

Last Price@682.50

1st Target -678 Done & Bounce upside!

Snapshot
Trade ist aktiv
14:38 Hrs 23rd Aug 2018

Last Price@681

We sell again from 684 to 679 - Look at the bounce which starts from 678-679 zone again.
Trade ist aktiv
10:48 Hrs 24th Aug 2018

Last Price@678

Selling 5th time from the zone 685-689 - Auro has lot of affection for 678!
Trade ist aktiv
11:21 Hrs 24th Aug 2018

Last Price@678

As suggested earlier -678 is the key level & Auro is moving round & round along that level.
So. Traders should buy if 678 holded downside for upside target 683-685 & Sell from tops in 685-689 zone again for downside target 678 - Below 678 - 668 & More on downside as suggested in the main update.
Trade ist aktiv
11:35 Hrs 24th Aug 2018

Last Price@679

This time you should be careful below 678 - any dip could be fast & furious trade for 668-670 zone as suggested in main update.
Trade ist aktiv
11:54 Hrs 24th Aug 2018

Last Price@678.20

Never ever keep stop losses close to levels -I have suggested in the post -It will take your stop & travel in opposite direction.
allow some leeway from suggested levels.

Don't hurry in selling any more

Sell from tops only 683-685 zone & higher zone selling 685-689 Only
Trade ist aktiv
13:03 Hrs 24th Aug 2018

Last Price@674

Auro makes new low @ 669.50 - lower edge of target 2 as mentioned in update - 669-672 & Bounce to 674!

Nifty also falls for the day!
Trade ist aktiv
13:16 Hrs 24th Aug 2018

Last Price@ 675

Picture of the Day - Falls on double top @668 - Makes low@669.50 and bounce to 675

Snapshot
Trade geschlossen: Ziel wurde erreicht
13:49 Hrs 24th Aug 2018


Thanks.
Chart PatternsTrend AnalysisWave Analysis

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

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