AbhishekHSinghCMT
Long

Auropharma-Down Wedge-Can it stop the fall of false breakout@809

NSE:AUROPHARMA   AUROBINDO PHARMA
False breakout above 800 - got extended down beyond 725 which was magical level to hold auro for couple of times finally piercing the level.

809 to 689 - Extended downside & close to very important level of 665.

False Breakout -Trying to tell you something@800


Next Trading Opportunity
Safe Traders can look for an opportunity once it starts moving above 710

Risky Traders can look to jump at 695-700 zone once you get confirmation on your end.

Trade active: 10:38 Hrs 16th Nov2017

Last price@704

Gap Up - Risky Traders are in the trade.
Trade active: 12:40 Hrs 16th Nov2017

Last Price@711

Started - Can it be Awesome Move

Comment: 12:45 Hrs 16th Nov2017

Last Price@709.50

We will book partial profits & try to enter if we get a chance close to 700-702 zone or above 711-712 - if it fires next
Trade active: 13:01 Hrs 16th Nov2017

Last price@708

707-707.50 is minor support -if holds then also we can have upside push or below 707 -we shall come back later.
Above 711-712 - is obviously upside.
Trade active: 13:31 Hrs 16th Nov2017

Last Price@710

Pushes upside from minor support zone 707 -707.50 as updated last.
Trade closed manually: 14:07 Hrs 16th Nov2017

Last Price@710

Closing The Update - Take Care. Thanks
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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