Auropharma is a good buy candidate
Updated
On the daily chart there was a spinning bottom formation after a gap down previously which indicated that the bulls are fighting back
It was formed near the support levels which indicates a good entry to buy
Next day 16/11/17 there was strong rally with a gap up indicating strong action supported by the bulls
In addition the rally was supported by rsi levels it bounced from 34.23
Most importantly it formed a morning star candlestick pattern(strong buy)
ACTION:
Execute long on 17/11/2017
TGT-727
STOP-690
NOTE
IF THE CLOSING IS ABOVE 729(100 WEEKLY MOV.AVG)
STAY LONG FOR TGT OF 760 FOR THE NEXT WEEK
It was formed near the support levels which indicates a good entry to buy
Next day 16/11/17 there was strong rally with a gap up indicating strong action supported by the bulls
In addition the rally was supported by rsi levels it bounced from 34.23
Most importantly it formed a morning star candlestick pattern(strong buy)
ACTION:
Execute long on 17/11/2017
TGT-727
STOP-690
NOTE
IF THE CLOSING IS ABOVE 729(100 WEEKLY MOV.AVG)
STAY LONG FOR TGT OF 760 FOR THE NEXT WEEK
Trade active
ONE CAN NOW ENTER AGAIN IN AUROPHARMATrade active
STOCK HAS BOUNCED BACK FROM NEAR OUR STOP LEVELS INDICATING SOME BUYINGAT LOWER LEVELS HOLD ON TO YOUR TRADE
Trade active
GOOD DAY FOR THE TRADERS IN THIS STOCK AGAIN MANAGED TO BOUNCE BACK FROM 691-93 LEVELS OR SUPPORT HOLD FOR THE GIVEN TARGET
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*option trading (buying)
*index trading (options and futures)
*index update and oi analysis
t.me/tradersmojo
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