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
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@ 670 on 2/20/17
Comment
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Target1, target 2 reached on 2/21/17
Trade closed manually
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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.
@shiv_n, look @ this chart auro pharma price breakout above trendline..... and in rsi also see re line its regular bulllish divergance and als in rsi yello line breakout thats y auro pharma going 635 to 675 price ..... its a good setup .. of trenline bo and rsi bo .....
shiv_n
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@shiv_n, vanathi madam ji any thing wrong in my chart ???