Auropharma - 9th Jan2018
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Ladder - isn't this an amazing tool because we can use it to travel upside & same can be used to travel downside - what's a big deal in this, as everyone knows it but if we get such a ladder to move upside & travel downside safely in the market - that becomes a magical ladder.
A tool which is necessary but possesses an inherent level of injury risk even through basic use & this level of risk is even exacerbated with improper use.
Some of the ways how people get injured using a ladder ----
You aren't using a proper ladder or trying to reach too far from the ladder- extended ladders which can be dangerous. So, how can you reduce the level of risk is by having proper risk management.
As Analyst you could use Candlestick Patterns , Divergence, Indicators & others to have proper risk management.
Before we dip into current structure & pull up previous analysis. Let me just tell you some basics about TradingView platform - Watchlist - Can be used to check 50 stocks in 1- 2 mins - isn't that amazing & handy feature.
Hi All, Excited to come up with latest update on Auropharma -Magical Ladder 662 to 684 & Back to 669 - Next Bullish Bat -Are you ready - So, let us begin!
Note - Time to move through watchlist stocks depends on lot of factors like internet speed & others. Ideally it takes 1-2 mins which can be extended as well but amazing feature to check the stocks in quick time.
Ladder - isn't this an amazing tool because we can use it to travel upside & same can be used to travel downside - what's a big deal in this, as everyone knows it but if we get such a ladder to move upside & travel downside safely in the market - that becomes a magical ladder.
A tool which is necessary but possesses an inherent level of injury risk even through basic use & this level of risk is even exacerbated with improper use.
Some of the ways how people get injured using a ladder ----
You aren't using a proper ladder or trying to reach too far from the ladder- extended ladders which can be dangerous. So, how can you reduce the level of risk is by having proper risk management.
As Analyst you could use Candlestick Patterns , Divergence, Indicators & others to have proper risk management.
Before we dip into current structure & pull up previous analysis. Let me just tell you some basics about TradingView platform - Watchlist - Can be used to check 50 stocks in 1- 2 mins - isn't that amazing & handy feature.
Hi All, Excited to come up with latest update on Auropharma -Magical Ladder 662 to 684 & Back to 669 - Next Bullish Bat -Are you ready - So, let us begin!
Trade active
09:27 Hrs 10th Jan2018Good Morning!
Last Price@676.40
Session High@679 - Target 1 done as expected - Next buy above 680 levels for 689-690
Trade active
10:50 Hrs 10th Jan2018Last Price@674
Now drops below 679-680 - Suggested Next Buy Above 680 or let it fall -if holds trendline then we plan back for upside again.
Trade active
11:04 Hrs 10th Jan2018Last Price@672.50
No more buying as suggested earlier - "next buying only above 679- 680
Trade active
12:45 Hrs 10th Jan2018Last Price@672.50
Bouncing from 670-671 same zone where we entered for bullish bat so next weakness will be seen below 670 or it bounces from 67-671 to 678-680 & faces resistance.
If crosses 680 then opens for upside 688-690 zone else facing resistance in 678-680 can fall again to 670-665
Trade active
14:00 Hrs 10th Jan2018Last Price@672.45
One should always buy from best possible zone which is 670-671 for the day.
Hardly went down below 670- in 669-670 as suggested we are looking for a bounce for 678-680 & above 680 for 688-690
Trade active
15:10 Hrs 10th Jan2018Last Price@673.15
Till 669-670 is holding as support & no move below 669 - we have positive bias for 678 & above 680 - 685 & above 685 for 690.
Trade active
10:08 Hrs 11th Jan2018Last Price@672
Again it was flirting in the zone of 669-670 -made a new low@668.50 but hardly staying below 669 is suggesting for the minimum bounce upside to 678-680 zone.
Trade active
11:25 Hrs 11th Jan2018679 - Target done - getting resistance - any move above 679-680 is next set of buying.
Lot of struggle in 669-671 zone for 2 days but finally a good move for the day.
Trade active
08:12 Hrs 12th Jan2018Last Price@674.55
Auro made a low @672.45 after hitting the target of 679 - So, most likely holding 669 as updated last key /critical level we touch the final target 689-692 in coming session@12th Jan2018
We all know 689 is very important level if you have been following me as discussed in earlier post & videos.
Trade closed manually
12:34 Hrs 12th Jan2018Last Price666
Closing the update
No way it had to fall below 669 likely we planned for safe buying above 679 only
or close to 669-671 zone
Note
12:38 Hrs 12th Jan2018Last Price667
Current low@665.30
Ok - Forgot to tell that 665-666 is also important zone & if this zone holds - current low@665.30 - It can bounce & bounce sharp upside for 679- 689 levels.
Note
12:54 Hrs 12th Jan2018Last Price@669
That's why I said bounce & bounce from 665 to 669 - Awesome - Shall come up with new post Thanks.
Note
13:13 Hrs 12th Jan2018Last Price@668
Strict Stop Loss below 665.50 & Nifty Below 10590 - if breaks Nifty moves for 10550 & Auro can slip more downside below 665 else bounce still expected for 675 - first 679 next above 679 -684 - 689.
Note
14:30 Hrs 12th Jan2018Nifty Update - Last Price@10660
Wow! - It bounced hard & surprised the market - Jumps from 10597 to 10660 levels as suggested earlier at 13:13 Hrs -12th Jan2018
Auroharma Update - Last Price@669.45
Auro as well jumps from 665-666 as expected in the earlier update.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.