Auropharma-Enjoyed Crack 800 to 727- Trade The Trendline Basics!

Wow! The crack was awesome from close to 800 highs to 757 which was extended sharply to 727 lows for the day as per previous update.

Previous Update - False breakout above 800 - Story telling done at 727

What Next?
Let us trade the trendline support - basics of technical analysis 2 points to draw the trendline & 3 points to confirm the trendline- You got it correct it was a sharp push from 727 which is 3rd point on the trendline drawn from 503 lows & passing through 665 extended upside further for support at 727 - third support in blink of an eye situation which was witnessed by most of the traders in current day scenario.

Risky Traders
Look to trade in the zone 750-755 with stops below 725 for target 810-850-900.

Safe Traders
Look to trade above 810 for target 850-900.

Trade active:

14:45 Hrs 9th Nov2017

Last Price@790

Upside Run Started ?

Comment:

14:45 Hrs 9th Nov2017

Last Price@785

Never Run in the Trade Looking at others or at Day High so have patience & you will get your chance downside again

Trade active:

10:22 Hrs 10th Nov2017

Last Price@765

Melting Melting... from 800 to 765 - Wow! - We will get a chance to buy

Trade active:

10:33 Hrs 10th Nov2017

Last Price@765

Close to our buying range of 750-755 as suggested for risky traders with stops below 725 target is 850-900

Safe Traders - Now look to enter above 801-802 -Day High.

Trade active:

11:18 Hrs 10th Nov2017

Last price@758

Day Low@753.50 - Risky Traders - Are you awake!!!

Trade active:

12:43 Hrs 10th Nov2017

Last Price@755

I usually never predict bottoms but fairly confident in auro because of the move which happened yesterday fall to 725-727 & bounce to 770+ in record time.

So, I came up with 50% mid point which it did since morning -fall from 800 to 755 - Buying Zone as suggested 750-755

Once it starts moving above 760+ likely that is first indication for upside.

Trade closed manually:

13:09 Hrs 10th Nov2017

Closing this update.

He has shown me the path which I have put in this update.

You could be sitting next to the Auropharma explosion which all might talk about in next few days.

My help comes from the LORD, the Creator of heaven and earth!

May he bless all of us. Take Care!!!