vanathi

Auropharma - Long!

Long
NSE:AUROPHARMA   AUROBINDO PHARMA
9
Auropharma has broken the downward trend line . Price action is trending in resistance zone . Close above 670 indicates bullishness. Targets are 677, 685 and 700. Stoploss is 666. Use trailing stop to protect your profit.

Note : I am a private trader. I am not giving free/paid calls. I am not taking trading classes. I am here to improve my technical knowledge. This is my trading analysis journal.
Trade active: @ 670 on 2/20/17
Comment: Target1, target 2 reached on 2/21/17
Trade closed manually: Closed @685 on 2/22/17. On 21st Auropharma gave a spike(reached 697.75) with high volume. This type of spike with volume creates an imbalance and closed the position.

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