Auropharma - Classic Alternate Bearish Bat at 1131 (Sell)

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Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.


Auropharma
Last - 1106 / 1:14 pm / 1st April 2024

After Classic 5 Waves & Stock Topped at 1177 - Last Idea Published on 1st Feb 2024

Stock Dropped to logical support of 958.50 - Minor Support from the tops of 1177 as identified last. It dropped to 958.50 lows in next few days.

Currently, Stock Doing Sideways Once bottom was made at 958.50. We have a classic alternate bat with PRZ 1125-1135 zone & stock topped at 1131 -1st April 2024 as of today.

Trading Strategy
Stock Holding below 1125-1135 -Potential Reversal Zone - can slip to 1050-1075 support zone downside next.


From
WaveTalks
Abhishek

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ملاحظة

3rd April 2024

Last @ 1132 / 11:04 am

Stock surpassed the prz (potential reversal zone) where we expected to sell but outlook still remains same downside for 1050-1075 & any fall below 1050 - it extends to 950 & 835 target downside

Kindly watch this zone & trade as per your risk appetite

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ملاحظة

Comment:
6:44 am / 10th April 2024

Last @ 1131

Stock is trapped in sideways move range between 1150(upper end) - 1090 on lower end

Traders getting a chance close to 1104-1110 zone should possibly exit & be on sidelines as there is a high chances of retesting tops towards 1150-1160 & later falling to our desired targets

Secondly , Keep an eye as stock falling below 1095 / 1090 zone shall continue downside

Have a great day.

Regards,
WaveTalks
Abhishek

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ملاحظة

3:10 pm / 10th April 2024

Last @ 1107

Stock dropped sharply towards the end of the session for 10th April 2024

As suggested in morning at 6:44 am, we got the desired fall in 1104-1110 zone