Risky Trader can consider to trade in 690-695 but with strict stop loss & once you get confirmation at your end.
Safe Traders Above 700-705 Zone for 722-725 Target Zone- once it crosses the zone it should not trade below 700 back again.
Last Price@693 Risky Traders are in the call.
It was fast -Risky Traders got in at 688 - Stops were 687 that was just 1 point. It was too fast to react post the idea published.
Stop loss level-687
Going below 687 - They will lose 1-2 points which is ok from Trading point of View.
About to cross 700 - 1st level - above 705 will be a nice move for 720-725 zone.
Got 3 chances to enter this trade. Market can't give more chances.
700 could be 1st target for risky traders.
Heading for next target zone.
Happy to pick with 1 point risk@687 on 11th Aug2017. Holding above 700-705 - we expect Auro to touch 722-725 minimum target & can extend upside if it stays above 725 for 15-20 mins.
Touches 721 just below 722 - we are done & out for short term.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ