Excited to share video analysis on bar replay feature- an excellent one from TradingView Development team. Thanks to all team members for giving us such a wonderful tool. Let us check the crash between 895 to 503 & current complex scenario.
Thanks for all your support.
Looks like Auro will take temporary halt between 682-684 as it is struggling to go down further.
Partial Profits shall be good idea in sell below 689-690 levels.
Going Below 682.50 - Selling continues . Booked Partial Profit@684.
Auro looks weak as expected in the video. Best of luck guys!. Enjoy & Trade Carefully.
Spending some time between 683-684 - looks like push upside again -short term upside but keep an eye on the stock as sooner or later tomorrow down move should start below 682-682.50 levels.
Flirt Zone - 683-684
Broken below 682-682.50 - made new firstname.lastname@example.org- Momentum is not strong downside as trying to flirt again in zone 683-684 - Avoid taking short positions till the time you see selling pressure downside
Upside push still cannot be denied means we can expect upside again as suggested 683-684 - Auro is passing time in that zone since long time so we call this zone as flirt zone- not serious.
Hmmmm - Will it crack more. Unfortunately session is ending for the day. Have a nice day ahead.
Flirt Zone - Remember - Risky Traders - Get Ready to sell between 683-684 & Safe Traders sell below 678 for targets back to 670- 665 - 650 downside
Did you sell the flirt zone- 683-684
1st Target done close at 671
684 to 671
2nd Target done at 665
665 was our 2nd target & we got reversal 2 times -one exactly at 665 & another just now@666
So next selling only below 665 for more downside or we wait for some more time.
It has dipped below 665 but need to stay atleast for 5-10 mins below 665 to indicate that it wants to travel downside else we will avoid selling at present & look for a bounce.
Prices aren't moving convincingly upside so we are left with a down move & likely we get the final target of 650 or close to 650 levels. Have Fun
Playing with the Idea for upside turn from current zone 665-670
There could be possible wedge structure in formation. Any move above 669-670 - Important support/resistance zone shall be first clue for upside move.
Strategy 1 - Dips to 655-657 zone & bounces above 660 for buying opportunity.
Strategy 2 - Moving above 669-671 zone without dipping to 655-657 zone shall be first clue for upside.
Later it has to cross 677-679 - Flirt Zone 683-685 & Finally above 699-700 - It can zoom upside.
These zones can be taken as partial target booking zones.
Possible Wedge Picture
Partial Profit Booking Zone 677-679 - Stopped the current opening move.
Next Buying Only Above Current Day Rejection Zone of 677-679 else we can get a dip
Safe Traders can look to buy only above 679 & Risky Traders can expect a dip to buy downside.
Risky Sell Call
(As any move above 680 which is above rejection zone can be next clue for upside move)
Risky Sell Call from close to 677-679 -Rejection Zone. So, getting an opportunity to sell close to the zone & putting stops above 680 -can look for 665 -660 Target Downside
Just dipped between 665-666 - 1st Target Zone or close to 1st level.
2nd Target - we will look only below 665 or it can bounce upside so sell only below 665 for 2nd target or look to sell again in the rejection zone 677-679 with strict stop loss above 680
Risky Call - Upside Bounce
Holding 665 on downside -look to buy for a bounce to 672- 675-677 targets
Got a chance in risky buy call - suggested to buy keeping stops below 665- Got the entry @666-667
Once it goes above 670- Trail the stop loss to cost or book partial profits - targets as mentioned 672-675-677 & If Rejection Zone holds in 677-679 with stops above 680 - sell again for targets 670-665-660
Next Week - Volatile Day on account of Gujrat & Himachal Pradesh Election Results.
Any move above 670 if holds for 5 mins then look for 677-679 target & above 679 for 685-687 target
Later any resistance in 685-687 zone we will wait & watch if fails to move above then we will take short /sell with day high as stops & target 679- 670- 660
So, let start the week on an exciting note. Take care.
Below 665 - which was very important level - Auro has touched the final target 650 - Days email@example.com
Volatile session - look the short term bounce from 650 - Final & Important target level.
Boom - 677 - Done & Kissed the top as expected above 670 - Next above 679 - we will check for 685-687 -as suggested last night.
Above 679 for 685-687 target
Later any resistance in 685-687 zone we will wait & watch if fails to move above then we will take short /sell with day high as stops & target 679- 670- 660 on the night of 17th Dec2017.
Let us start the exciting day.
Have you started your day on exciting note. Cheers!
Auropharma - The false breakout upside at 800 - Awesome!!!
As suggested at 590 below in comment looks dicy.
Closed ----------------------------Bye --------------------------Closed
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
I am following this type of realtime analysis. Probably in future, we can look forward to
5, 15, 60 min live realtime commentary in future. Immense possibilities. Thanks a lot bro.
Best wishes and a good day.