AUROPHARMA trade ideas
Are you enjoying of Short Selling Alert, AUROPHARMA?Yes, I have sold 3 lots in future ...
New Update: Suppose to close 670, then hold for target 658-637
Auro-Pharma 692 High... best level short this 692-699 (stoplosss 705)
In the Time-Line, I asked for short 692 nearby :-
Did you enjoy it?
Yes or No type in comment section.
Aurobindo MovementAurobindo is consolidating at current price, short term trend is negative and incase break below 600 price then one can expect more selling pressure upto to 540. Fresh buying will start once Auro break 650 level, long term prospective is bullish, for cash buyer my personal suggestion buy on dips.
#Fib 0.786 correction from latest highthis can be wonderful if it bounce back at fib retracement level 0.786 from latest high, but last 3 days a clear down trend so time conflexion between weekly and daily charts fib 0 level 606 acts as support . fib levels follows as 606,624,636,645,654,667,684,700.
PARTY OVER STRONG RESISTANCEDISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.