Target levels 616/597/568/557/530
After a long bullish candle, today a doji is formed with high volume which means uncertainty in the market. Profit booking might be happening and tomorrow we may see the bears getting into the market. Short tomorrow at the bottom of today's doji. RSI is also at 75 suggesting over bought condition.
SELL AROUND 670 TO 660 TARGET : 400 TO 390
FOLLOW
levels mentiond on chart
Key Levels for AUROPHARMA: UPPER BREAKOUT~555 FIRST TARGET~565.90 INTERIM RESISTANCE~576.05 FINAL RESISTANCE~587.45 **************************** LOWER BREAKOUT~534.30 FIRST TARGET~523.45 INTERIM SUPPORT~510.85 FINAL SUPPORT~498.25 Please trade with caution and consult your financial adviser before trading.
Key Levels for AUROPHARMA : UPPER BREAKOUT~557.25 FIRST TARGET~576.40 INTERIM RESISTANCE~590.20 FINAL RESISTANCE~604.80 ***************************** LOWER BREAKOUT~536.10 FIRST TARGET~518.05 INTERIM SUPPORT~496.40 FINAL SUPPORT~480.20 Please trade with caution and consult your financial adviser before trading.
Key Levels for AUROPHARMA : Upper Breakout~518.80 First Target~534.20 Interim Resistance~550.50 Final Resistance~565.90 **Lower Levels** Lower Breakout~488.05 First Target~474.60 Interim Support~460 Final Support~441 Please trade with caution and consult your financial adviser before trading.
if candle broke bottom line targets are as in chart
Auropharma formed clear hidden bearish divergence which indicates continuation of downfall to its support and stochastic also overbought zone, acts as add on confirmation.
Long Term Since Inception Support Resistance marked
IF I USE NORMAL CANDLE STOCK HAS STRETCHED A LITTLE ABOVE .786 LEVEL BUT I USED HEIKIN ASHI CANDLE NOW PICTURE IS CLEAR STOCK HAS CLEARLY CLOSED BELOW .786 HARMONIC REVERSAL LEVELS AND ALSO STOCK CANNOT STAY OUT OF CHANNEL FOR LONG SO IT WILL SOON ENTER THE CHANNEL ACCORDING TO ME FIRST LET 585 BE BROKEN CLOSING BASIS IT IS TEMPORARY SUPPORT NOTE: USE 30 MINUTE...
Profit booking and trailing is the important concept of trading which people ignore's many time , if somebody is following the chart it was clearly a resistance at 615 levels ( marked blue ) , now their is a gap lets see if it feel's up the 500 levels, !!!!!
Sell at high with a stop loss of 633, for targets 568 - 552 - 508 - 492.