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, !!!!!
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...
Key Levels for AUROBINDO PHARMA Search >>> OPTIONSCALLFREE on Telegram for more updates
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The stock has closed below and important pivot zone. The next support levels are close to 490 zones, below it the stock may resume trend down again and test 435 – 350 levels. To reclaim bullish structure it has to close above 580levels. The RSI is into bullish zone MACD is displaying positive momentum, any dips to support may be an interesting place to create...
Auropharma is looking good short term buy stock. The stock closed above its major neckline at 536 with volume. It will remain strong above this level. Now Next Major Supply Zone @ 620-640 Zone.
Bought this stock on Friday for intraday trade, I may buy again for my short term target of 620-640.
Price Is Crossing above Ichimoku cloud, with increasing volume.
Price is breaking the Trendline and crossing upwards too.
Also it had breached weekly resistance of 505/507, though it closed below it at 501.
Below Trades can be taken considering current scenario.
long above 504, SL 498,
long above 504, SL...