Did you press the panic button when 895 high was made, In my first update & follow ups I wrote that Auropharma could be heading for terminal thrust above 814. Indeed, it came true & 895 became the high of year 2016. Another update- "895-is this the end" takes you ahead why we are expecting more weakness in the stock.
As per latest update, below 704- It shall continue down move, which in last trading session it made a low of 645.
Trading Strategy Going below 640 & holding down could put more pressure on the stock & likely to visit next support zone of 580-590 -which is "A" wave of the larger Triangle. If that zone holds a possible bounce could be witnessed
1st Update 5th Wave Terminal Thrust Above 814- Click the charts & Use "Load Bar Feature"
Top@895-Is this the end- Click the charts & Load the Bar
Beat them with your stick below 704-Click the charts & Load the Bar
Trade active
⋅
23:30 Hrs 31st Dec2016
Last Price@670
Next Round of selling could be seen below 640 marks.
Comments
shiv2798
⋅
I doubt it will go further down side Below 640 , Since all the obstacles in political/ Financial is almost over due to nearing of Budget , In Feb 2016, it went down ( I believe) due to amateur traders
I can see further downside may not cross 15 to 20 points Maximum , if it drops below that the it may make new Low in the records
Regards
Shivakumar
I can see further downside may not cross 15 to 20 points Maximum , if it drops below that the it may make new Low in the records
Regards
Shivakumar