As per last update - " is hiding in the cloud" we expected auro to move from 595-597 to 610 & 615 Target which was achieved. Later Selling from 615-617 zone if resistance seen- Bingo! Auro Turned exactly from 615 mark & close to 590
Last update - Hiding in the Cloud - 597 -615 & Back
590 is the next. If Auro holds at 590 & starts moving upside risky traders can put stops below 590 & trade for target 600 -605-610
Moving above 600 & holding above 600 - expect similar target as suggested above 605 -610
Change the stop loss@588
From Opening High of 597 -It had a fall to 590 where it halted for few mins but could not hold 590 & made new firstname.lastname@example.org
This is 2nd attempt holding at 590 - Risky Traders are you watching the Auro?
Last price@ 588.10
Stops have been taken below 588 so we close the intraday risky position & wait for some time
New Low@585 for the day
Retraced almost 99% of previous leg which had a email@example.com - We start looking for push again from this low- we plan to trade once it pokes above 589-590 zone on upside.
Double Bottom at 585 as suggested @588 above - we shall look for 600 -605-610 & above 610 - Hold the trade it could be your jackpot trade.
Today is the bad day to get any bullish moves so we close the post but do keep an eye above 590 again as we are close for big reversal upside
Below 585 - Puked below & sellers came in force but keep in mind Auro is good stock when bounces back next upside it will do a sharp move which it will take out 610- 621 -655 & above 700 & 740-750
We are standing at the bottom of choppy move just market confirmation is needed next.
Take Care & Have a nice weekend.
Day Low @575
Last Auropharma Picture for the day below 585 - Double Bottom
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ