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.
About to enter the target zone 600-605 - Got 2 chances at 624-625 to sell in last 2 days.
Trade active
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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
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14:38 Hrs 22nd May2017
Last Price@580
Both the Targets -Done & Out at 580.
Comments
stocktrade76
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Do you have any analysis on hindzinc
WaveTalks
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@stocktrade76, Let me come back to you as Hindustan Zinc will be a new script. In weekdays, it will be tough & analysis needs time.
stocktrade76
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Sir,excellent analysis on Auro pharma
powerofcharts
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amazing call abhishek
RSKU0001
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super like..
amankavi
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Perfect analysis..Auro is making day highs till 624 (right for short trade), Waiting for it to cross 630 so as to enjoy the bullish move