look like a cross, inverted cross or plus sign. Alone, are neutral patterns that are also featured in a number of important patterns. A forms when a security's open and close are virtually equal for the given time period and generally signals a reversal pattern for technical analysts.
The price action on of auropharma had a candle having a low@648 -Now any move above 660 & keeping 648 low intact should help give us a required push upside.
The overall pattern looks like a triangle where 710 is a key level on upside.
Looking for pullback which holds 648 on downside & later moving above 660 shall give us upside buying opportunity.
Auropharma -710 haunts - we got selling from 675 to 660 & lower.
Crossed above 660
Got a chance to enter in 654-657 above 648 levels which should be intact for the upside move.
We need an impulsive push upside & largely above 665-recent high to give us confidence for next leg upside.
On down side 648 should not be breached.
Heading close in the zone of 675-680 as expected - Awesome!
Target Reached in the zone 675- 680
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ