WaveTalks

Auropharma - BAT's Shadow in the PRZ 620-630- Careful

Short
WaveTalks Updated   
NSE:AUROPHARMA   AUROBINDO PHARMA
16
Pattern Failure - This pattern fails if we get close above 630. Pattern looks good if falls below 618-620 zone & can be lucrative for 600-605 Target Zone & Below 600 for 580-585 Target Zone.
Traders should be ready for PRZ cut above 630 failing to close above 630 -will keep BAT's shadow active & alive.

Previous Update- Traded almost all legs from 580-585 zone to 620 levels.

Have a nice weekend.
Trade active:
10:03 Hrs 15th May2017

Last Price@618

Falls from the PRZ this morning high@625

Trade active:
15:18 Hrs 17th May2017

Last Price@606

About to enter the target zone 600-605 - Got 2 chances at 624-625 to sell in last 2 days.

Trade active:
20:10 Hrs 18th May2017

Last Price@601

Day Low@597

1st Target Zone of 600-605 has been achieved from 625 tops. Here also we got couple of chances from 620-625 zone as suggested yesterday.
Going below 595 & sustaining below that level then we see next 580-585 Target Zone.
Trade closed: target reached:
14:38 Hrs 22nd May2017

Last Price@580

Both the Targets -Done & Out at 580.

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

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