AUROBINDO PHARMA LTD
بيع
تم تحديثه

Auropharma - Turning into reality 895 to 580 -What Next?

Going below 600 levels- Auropharma can look for support in the zone 570-580 where W-wave which started from 895 to 620 (Precise level-621.90) -projected from 675 High X-Wave (Triangle) shall travel 38.2% at 571 levels which is close to 580 -prior low.

In other words, Y -wave distance started from 675 highs where X-wave(Triangle) ended shall measure 38.2% of the distance in W-wave(895 to 620) at 570 levels.

Calculation
895-620 = 275 - Calculating 38.2% of 275 = 105 points - Now Subtracting from 675 (675-105) = 570
675- X-Wave High


The zone of 570-580 shall be the zone where we can look Auropharma to halt & complete a larger WXY pattern from 895- "Turning into reality" - we shall come back for review later.

Trading Strategy
Going below 600 - we shall be looking for 570-580 as target or support zone- where we come back for review.

Previous Update-
895 - is this end
Auropharma- Top@895 -is this the end?


X-Wave Triangle finished at 675- before finishing we took the leg from 648 to 675
Auropharma- Doji to Give Up Leg from 648 -Help forming Triangle


Making of the triangle X wave- 710 haunts both the brothers- Auro & Sun
Auropharma - 710 haunts both the brothers- Dark Cloud Cover
تم فتح الصفقة
12:10 Hrs 3rd May2017

Last Price@588

18 -20 Points away -Auropharma should kiss the initial target zone of 570-572.

لقطة
تم فتح الصفقة
10:17 Hrs 5th May2017

Last Price@590

Going above 595 - Intraday jump of 600 & beyond 600 for 605 targets can be seen.

So, pullback can be used to take intraday long positions for 600 & above 600 for 605 targets.
Later Falling below 600 & 590 after making new high shall be looked to sell for targets 570-575.
تم فتح الصفقة
11:21 Hrs 5th May2017

Last Price@600

Intraday Both Target achieved at 605- Last updated at 590

لقطة
تم فتح الصفقة
14:07 Hrs 5th May2017

Last Price@587

Booked 23 Points in all for the day.

Booking here again at 587 - Sold below 600 after 606 Highs Target was achieved in Morning!
لقطة
تم فتح الصفقة
13:51 Hrs 8th May2017

Last Price@596

Doing some complex correction between 580-600. Above 600 -we shall look for 606-608 Target Zone & Above 610- It will extend to 616-620 Zone as next target zone.
لقطة
تم فتح الصفقة
17:52 Hrs 8th May2017

Closing Price- 604.65

Target achieved at 607 suggested in interim update above - long above 600
لقطة
تم فتح الصفقة
10:35 Hrs 9th May2017

Last Price@594

Falls just below 610 - we were suppose to buy above 610 - Fantastic slip to 594 from 609.
Falling below 581-583 Zone - likely more weakness & shall kiss the zone 571 as next target level mentioned above.

لقطة
تم فتح الصفقة
12:06 Hrs 10th May2017

Last price@616

Target Achieved @620 as expected & suggested in the update -13:51 Hrs @8th May2017 above.
لقطة

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.