Bullish Inside candle formation1. Watch on lower TF like 5min or 15min
2. If candle with a significant price range and volume does the breakout
3. Wait for the candle to close and take the trade on close of the candle. Remember trade only if point 2 is satisfied.
4. Stop-loss can be trailed further as the trade progress as per view
Please do your own analysis before taking the trade.
AUROPHARMA trade ideas
AB=CD Pattern Replacement to Catch the TrendAURO Pharma is on marathon but a sprint marathon exhausts the athlete and the same happens to the stocks. AB=CD pattern would make the point D- a point of in flexion and fall all the way to POC level marked, from where again a buying opportunity can be tapped by the incumbent buyers and from the initiative buyer looking for a discounted entry .
Aurobindo PharmaStock is in clear uptrend but was in consolidation phase Currently the stock is at 808 looking to break this consolidation phase stop loss should be 754 our target price of the stock is 879 and then 894, RS is at 0.5 level which is suggesting a strength in the stock, as well on monthly chart the stock is showing a breakout of the Flag Pattern after a long time. it can give big move to the stock.
AURO PHARMANSE:AUROPHARMA
AUROPHARMA at a critical level of 797, below that downside levels given on chart.
And if stays above 797, the upside levels of 808 and 817
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Aurobindo Pharma - Facing resistance from 52 week high - Level#AUROPHARMA is treading near to 52-week high zone and since two treading session is closing in red near to 840 level. Level 846 is a strong resistance for stock.Stock is close crossing above Upper bolinger band from above.
Showing Mix result in Technical Parameter:
CCI iin overbought zone but treading down
MACD is treading UP above 0
RSI is near and parallel to overbought zone
Stoch iin overbought zone
MFI is treading down
ATR is touching bottom
New Short position
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Support : 800 and 780
Breakdown : 826
LTP : 836.55
Breakout : 846
Short Target : 860 and 880
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Positive & Negative Point:
1) Very bullish in Daily/Weekly/monthly chart
2) NR7 and Doji candle
3) Close within 52-week high
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(Disclaimer: This is only for educational purpose and paper treading.)
Auropharma From 5 July 2020Stock has been going up month by month approaching very strong monthly resistance zone
monthly uptrend max change possible 25% === > july opening 771 --- > 771 * 1.25 = 963 ( above monthly resistance ) not possible
support area --- 665 --> 752
resistance area -- 830 --> 890
chart pattern decreasing pennant type pattern forming ( higher lows and lower high forming in 15 min time frame )
Possibilities -->
1. breakdown towards downward --- > then support area becomes active
2. breakout towards upwards --> then resistance area becomes active .
currently no strategy can be formed
MFI also showing exhaustion of long investor