My Buddy- Auropharma is FBO - Let me remind you once again - False Breakout Offender.
Its a double top at 698 & selling close by 698 is the strategy still open for downside target of 680- below 679 for 670 - Below 668-669 for 659-660 & below 659 for 649-651 zone
These are important support zones & should be considered while executing your trades
Moving above 698-701 zone on sustained basis -I repeat "sustained basis" only then we it will push upside for higher targets.
It broke upside from cnsolidation so 695-698 becomes support & wee may look upside for 720-735 zone
Take it in part always - 710 is done -next plan to buy above 710 or wait for dip close to 700-703 to buy but remember downside your support zone is 695-698 key zone.
It should not go below 695-698 zone
Another input -I will give to all the followers - "never ever over trade" sometimes this side -sometimes that side - you will end up neither side - have patience in trading - never become nervous.
Another input - Key zone 695-698 - wait if stock holds then take long or below 695 -
Middle Band Support Zone - 691-692 - Hope you will not forget 692 as we used that level so many times taking sell position in last few days.
It can test critical zone which is 679-681 - this is long term support if Auro has to move upside for 735+ else there is problem.
Thanks for reading.