Auropharma - Live Market Video - Case of Ending Diagonal / Wedge

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Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

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Trading Strategy

Plan A ( Safe Traders - No Buying below 658 on a closing basis)
Holding 658-660 zone - we are open for an upside push towards Target 1 - 685 / Target 2- Above 685 for 695-700 / Target 3 - Above 700 for 730 to 740

Plan B
This is the selling plan when the pattern gets completed which can be done in 695-700 zone if fails to move above 700 or can complete in 730-740 zone
Selling below 700 (strictly) or Selling close to 730-740 zone for downside Targets mentioned below
Target 1 - 685
Target 2 - 665
Target 3- 625
Target 4- 600
Target 5- Only below 600 (Strictly) for 565 -----which takes the support of weekly channel upper end

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Hope this video helped to learn wave pattern which can be highly rewarding if you can manage your risk properly.

Thanks for your precious time.



Operación cerrada manualmente
Hi All,

Thanks for support

As suggested holding 658-660 zone -----------Plan A ---------- mentioned above - we are open for upside target - 685 ----------above 685 for 695-700--------crossing 700 --- 730------740 zone

Snapshot at 15:02 Hrs / 14th May 2020

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Nota
13:00 Hrs / 15th May 2020

Last Price @ 666

Never become emotional in trading - Going below 658-660 - Kindly do not expect the push upside- as it can slip in between as well -these patterns are tricky at times!

Since morning -it attempted to retest 658 -660 - even went upside in opening hours to 675 -these were key levels in between trading -remember we have been selling in 685-675 so 675 was that key level -which is day's high today

Reminder for upside Targets
675 (updated)
685
above 685 -----it can touch 695-700 zone
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Here comes the trickiest part of trading & be careful ----crossing 700 & above - Possible Turn can happen close to 710 -715 zone

Dear Followers ----------- Trading is not an easy job - you need patience & courage -just like fighting a war.

This whole pattern gets corrected once goes above 700 -----------as reversal zone could be 710-715 ( Selling zone) -----Only for Aggressive Traders - We don't have stop loss if you want to sell at tops

How would you know it has topped - It will go & touch the zone & fallllllllllllll like a hot knife on the butter so don't get trapped at the top zone.

Going above 700 in 710-715 zone or 720-730 zone ------it will fall & come below 700 that will be the 1st clue to recognize that the fall has started.

Once Selling Starts -------------- Be Ready to Take Full 100 points -Target - 602 ---Only for Risky Traders / Going below 600 - Have suggested 550-565 as target zone downside.

If you become nervous in trading -always take a halt at stations like 685 / 675 / 658-660 /625

Get ready for the biggest excitement ever - Trade upside & Trade downside both - Manage your risk carefully

Thanks for Support once more from the bottom of the heart.

I shall not be available for the next few days.
Nota
15:26 Hrs / 18th May 2020

Kindly follow strict risk management while taking trades.
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Updated through Status update- Holding 650 - critical level we still look fr 685/700

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Status Update at 15:19 Hrs
15:19 Hrs / 18th May 2020 - Auropharma Update- 2nd Run Upside: 655 is key level as formed double bottom- As we look for 685/700 - Stops are below 655 -going below 655 & 650- Stock may slip hard -Please refer last video idea-"Live Market Video"

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Chart PatternselliottwaveforecastselliottwavepatternelliottwaveprojectionelliotwavecountEnding DiagonalTrend AnalysisWave AnalysisWedge

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

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