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Strong support 181.55 below, this price stock can slop up-to 174.30
If the price cross 186.35 to be in safe side stock can move up-to 192.70.
The stock moment is very slow.
In support line candle made a tail which shows price rejection.
A double curve has created and having a strong support level.
The movement RSI above 60 + price above 202.25 and hold level for minimum 15-20 minutes a good buying expected * only this scenario for buying✓. If open with big gap and gap down * not trade×.
Disclaimer:- your capital at risk. Consult with your financial advisor before do any action and trade with own analysis and research.
Important for reversal 176.5 & 171.5, the outcome was clear that we would get a smart move higher.
Point to be noted: Volume must be higher than average at the both key levels to take long position.
if sentiment remains strong, we could even see 182/189.5.
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There is lot of twists herein:
By the looking left to right , while breaking out the price Congestion we have seen Invalid breakout in price. That why price suddenly fall.
Bullish forget of 3 candles was completely perfec t but, again we have seen valid heavy volume candle ...! Something is cooking in this stock.
Let look more closer to the 4hrs...
Reliance if trying to break Triangle pattern is sustained and closed above 2159 would move in upside and would face resistance at 2203.
For the bulls the levels would be to Buy @ 2159 with Stoploss of 2133 to a Target of 2203. ( Seller zone)
For bears the levels would to Short @ 2130 with Stoploss of 2150 to a Target of 2107 ( Buying Support)
Auropharma Looks very Bullish
Long at current Level with price Target 853-869-885-907
Trade with Proper Risk Management.
Victory is beyond fear!!
Disclaimer: I am not a SEBI Registered Analyst. Please take position after consulting your advisor.