mdhaamu
Short

Resistance & Bearish Engulfing

NSE:AUROPHARMA   AUROBINDO PHARMA
210 views
6
210 5
Short AUROPHARMA             for target of 680, 670, 660. Stop loss 710.
Trade active
Trade active
Comment: Will it retrace towards 660 before making any up moves.
Trade closed: stop reached
You can also call it walking along the side , you can view the 20 SMA in BB is also pointing upward its not even flat , so just have a another look sir
Regards
Reply
mdhaamu shiv2798
@shiv2798, Bro RSI above 75 after September 2016. That is also concern for short, let see how it works for us
Reply
shiv2798 mdhaamu
@mdhaamu, Sir RSI is not advised for Trending Market , it will stick to OB condition , RSI is developed only for Ranging Market , or Side way Market , the tool is developed to trade BOX range by the inventor , he clearly mentioned not for trending market
But unfortunately Many miss read the interpretation
Regards
+2 Reply
I think the Gap has to brake in order to consider the Short , because if Institutional hold the gap as support and start pushing the price then everything will be up side down
Regards
Reply
mdhaamu shiv2798
@shiv2798, Bro 700-725 Resistance zone as per chart. Lets see how it behaves.
Reply
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