Control your mind -RSS in the present context has no connection with anything else other than technical analysis. R-Resistance & S- Support.
Since Aug2015, Auropharma had played with the important level of 680- because every time it dipped -later bounced back very strongly.
Trading Strategy Scenario-1 If you get any move below 680 -be careful this time as well as sellers could be trapped again because of its very nature which auropharma has been repeating since Aug 2015-going below 680 & closing above could be an early sign that bulls want to push pharma back above 700 & can extend its upside travel above 720-723 zone if sustained for the 780-800 zone.
Scenario-2 Pushing above 720-723 zone & staying above that zone can likely continue to 780-800 zone where it faces next resistance & I shall come back again.
Trade active
⋅
09:45 Hrs 23rd Jan2017
Last Price@691
Turns above 680-- day's low 681- Wow! ( Atleast Intraday 10 bucks in the pocket).