Hello friends here I am publishing a trade idea on Daily chart of Aurobindo Pharma first of all I must say that it is a simple trading idea only based on price action for the beginners like me and I only plotted 200 EMA on this chart for indicators, So as we can see after a consolidation in Parallel Channel it is breaking a strong resistance after breaking channel resistance too and poised to go up from here for the next resistance are identified as trade targets son the basis of these observations I am sharing mine ideas below
IDEA ONE-: After break of resistance it can take a resistance of it's 200 Ema which is nearly about 506 levels and came down for a retest of resistance and will go up Target 1 and Target 2.
IDEA TWO-: After completing the idea one and after done of Target one it came down and retest the Breakout resistance and will go for the Target 1 and target 2.
IDEA THREE-: It can go straight to targets Target 1 and Target 2 (less probability).
STOP LOSS-: Stop loss must be a day close below the Parallel channel Resistance which is about 479 levels.
Trade Idea ignored if we will not get a day close above of 492 present Resistance.
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
IDEA ONE-: After break of resistance it can take a resistance of it's 200 Ema which is nearly about 506 levels and came down for a retest of resistance and will go up Target 1 and Target 2.
IDEA TWO-: After completing the idea one and after done of Target one it came down and retest the Breakout resistance and will go for the Target 1 and target 2.
IDEA THREE-: It can go straight to targets Target 1 and Target 2 (less probability).
STOP LOSS-: Stop loss must be a day close below the Parallel channel Resistance which is about 479 levels.
Trade Idea ignored if we will not get a day close above of 492 present Resistance.
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
Kommentera:
TAKING RESISTANCE NEAR 200 EMA, BUT OVERALL GOING GOOD IN BEAR MARKET
Kommentera:
KEEP A WATCH FOR COMING WEEK🤝✌️
Kommentera:
NICE MOVE GAINED 5%
Kommentera:
GOING GOOD AT 519 FROM 496 WITHOUT TAKING 200 EMA CROSSED TODAY
Kommentera:
CLOSED OK, NOT TAKING MUCH SELLING PRESSURE IN VOLATILE MARKET
Kommentera:
HIGHEST CLOSING AFTER BREAKOUT PUBLISHED GAINED 5% SO FAR
Kommentera:
Weekly Breakout
Kommentera:
REACHED 525 FROM 492 GAINED 7% SO FAR COULD HIT TARGET ONE
Kommentera:
REACHED 528 FROM 492 NEAR TARGET OF 535
Kommentera:
VERY CLOSE TO TARGET
Trade stängt: målet nått:
DID TARGET OF 535✌️✌️
Kommentera:
GOING GOOD FOR SECOND TARGET
Kommentera:
CMP 545 FROM 492 GAINED 10% SO FAR
Trade stängt: målet nått:
DID COMPLETE TARGET OF 558 TODAY, FEELING GOOD BY IT'S ROCKING NONSTOP PERFORMACE AFTER PUBLISHEN
Kommentera:
LOOKING FORWARD AFTER DID TARGET
Kommentera:
LOOKING STRENGTH
Kommentera:
DID 575 HIGH TODAY
Kommentera:
BOLLINGER BREAKOUT WEEKLY CHART
Kommentera:
ᴄᴏɴғɪᴅᴇɴᴄᴇ ɪs ɴᴏᴛ ‘ɪ ᴡɪʟʟ ᴘʀᴏғɪᴛ ᴏɴ ᴛʜɪs ᴛʀᴀᴅᴇ.’ ᴄᴏɴғɪᴅᴇɴᴄᴇ ɪs ‘ɪ ᴡɪʟʟ ʙᴇ ғɪɴᴇ ɪғ ɪ ᴅᴏɴ’ᴛ ᴘʀᴏғɪᴛ ғʀᴏᴍ ᴛʜɪs ᴛʀᴀᴅᴇ.” - ʏᴠᴀɴ ʙʏᴇᴀᴊᴇᴇ
Kommentera:
FOR TRADERS KEEP AN EYE, ALTHOUGH I AM DONE WITH GIVEN TARGETS
Kommentera:
WHAT SAY TRADERS? READ UPDATE JUST ABOVE THIS UPDATE
Kommentera:
DID SAME AS MENTIONED
Kommentera:
SEEMS SOME POTENTIAL IS REMAINING FOR THIS RUN
Kommentera:
CHECK LAST UPDATE DID 610
Kommentera:
YESTERDAY SHARED, AGAIN UPDATING
Trade stängt: målet nått:
FINAL AND LAST UPDATE FOR THIS IDEA IF I WILL FIND SOMETHING INTRESTING ON AURO WILL PUBLISH AN OTHER IDEA ON THIS STOCK, THANKS FOR GIVING WONDERFULL SUPPORT