HAS AURO PHARMA EXHAUSTED OR TRYING TO TRAP MORE SELLERS !
Hi Traders/Investors,
Last time when I posted this scrip analysis one of my followers was short at 701 with heavy quantity . I gave advice to come out from this position as sellers are being trapped . See it touched almost 780 . Now again this time my one of the followers is long . Eagerly waiting to know next move. So for this time, it is for you and many more traders who are on long side. See a red color channel is in fig where price took resistance and made shooting star candle circled in pink, which is activated now as second candle closed below candle circled . This gives me first information if this down move continues the end of main green dotted trendline then i will lose my money. So if i am long I will book my position here. I will not wait to convert my trade into hope that red dotted channel and green doted line will act as support. In any case if this area provides support then I will reenter in position rather to finish my profit of trade in hope.If you see the last statement of mine. I clearly said trap rally can end near white resistance line. Price did not touch it but made micro resistance zone at top.If strong bears entered at red channel top then price should move out of green trendline. If week then this area will provide support. simple logic. if price gets support at green line then a final up move can be seen to white line. on reaching at that area I will see will it continue further or finish. other side as soon as price takes out green dotted line with white support zone then trend will change . so follow conditions properly. I manifested both side trades with clear logic and conditions. If you want to win then maintain discipline by following conditions. Rest market will decide.
YOGESH VATS
Last time when I posted this scrip analysis one of my followers was short at 701 with heavy quantity . I gave advice to come out from this position as sellers are being trapped . See it touched almost 780 . Now again this time my one of the followers is long . Eagerly waiting to know next move. So for this time, it is for you and many more traders who are on long side. See a red color channel is in fig where price took resistance and made shooting star candle circled in pink, which is activated now as second candle closed below candle circled . This gives me first information if this down move continues the end of main green dotted trendline then i will lose my money. So if i am long I will book my position here. I will not wait to convert my trade into hope that red dotted channel and green doted line will act as support. In any case if this area provides support then I will reenter in position rather to finish my profit of trade in hope.If you see the last statement of mine. I clearly said trap rally can end near white resistance line. Price did not touch it but made micro resistance zone at top.If strong bears entered at red channel top then price should move out of green trendline. If week then this area will provide support. simple logic. if price gets support at green line then a final up move can be seen to white line. on reaching at that area I will see will it continue further or finish. other side as soon as price takes out green dotted line with white support zone then trend will change . so follow conditions properly. I manifested both side trades with clear logic and conditions. If you want to win then maintain discipline by following conditions. Rest market will decide.
YOGESH VATS
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