Auropharma- Doji to Give Up Leg from 648 -Help forming Triangle

What is a 'Doji'

Doji candlesticks look like a cross, inverted cross or plus sign. Alone, doji are neutral patterns that are also featured in a number of important patterns. A doji candlestick 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 daily chart of auropharma had a doji 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.

Trading Strategy

Looking for pullback which holds 648 on downside & later moving above 660 shall give us upside buying opportunity.

Previous Update


Auropharma -710 haunts - we got selling from 675 to 660 & lower.

Trade active:

09:28 Hrs 13th April2017

Last Price@662

Crossed above 660

Trade active:

13:57 13th April2017

Got a chance to enter in 654-657 above 648 levels which should be intact for the upside move.

Trade active:

20:04 Hrs 17th April2017

Last Price@652.85

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.

Trade active:

12:28 Hrs 18th April2017

Last Price@672

Heading close in the zone of 675-680 as expected - Awesome!

Trade closed: target reached:

12:59 Hrs 18th April2017

Last Price@674.90

Target Reached in the zone 675- 680