Note - Time to move through watchlist stocks depends on lot of factors like internet speed & others. Ideally it takes 1-2 mins which can be extended as well but amazing feature to check the stocks in quick time.
Ladder - isn't this an amazing tool because we can use it to travel upside & same can be used to travel downside - what's a big deal in this, as everyone knows it but if we get such a ladder to move upside & travel downside safely in the market - that becomes a magical ladder.
A tool which is necessary but possesses an inherent level of injury risk even through basic use & this level of risk is even exacerbated with improper use.
Some of the ways how people get injured using a ladder ----
You aren't using a proper ladder or trying to reach too far from the ladder- extended ladders which can be dangerous. So, how can you reduce the level of risk is by having proper risk management.
As Analyst you could use Patterns , Divergence, Indicators & others to have proper risk management.
Before we dip into current structure & pull up previous analysis. Let me just tell you some basics about TradingView platform - Watchlist - Can be used to check 50 stocks in 1- 2 mins - isn't that amazing & handy feature.
Hi All, Excited to come up with latest update on Auropharma -Magical Ladder 662 to 684 & Back to 669 - Next -Are you ready - So, let us begin!
Session High@679 - Target 1 done as expected - Next buy above 680 levels for 689-690
Now drops below 679-680 - Suggested Next Buy Above 680 or let it fall -if holds trendline then we plan back for upside again.
No more buying as suggested earlier - "next buying only above 679- 680
Bouncing from 670-671 same zone where we entered for bullish bat so next weakness will be seen below 670 or it bounces from 67-671 to 678-680 & faces resistance.
If crosses 680 then opens for upside 688-690 zone else facing resistance in 678-680 can fall again to 670-665
One should always buy from best possible zone which is 670-671 for the day.
Hardly went down below 670- in 669-670 as suggested we are looking for a bounce for 678-680 & above 680 for 688-690
Till 669-670 is holding as support & no move below 669 - we have positive bias for 678 & above 680 - 685 & above 685 for 690.
Again it was flirting in the zone of 669-670 -made a new firstname.lastname@example.org but hardly staying below 669 is suggesting for the minimum bounce upside to 678-680 zone.
679 - Target done - getting resistance - any move above 679-680 is next set of buying.
Lot of struggle in 669-671 zone for 2 days but finally a good move for the day.
Auro made a low @672.45 after hitting the target of 679 - So, most likely holding 669 as updated last key /critical level we touch the final target 689-692 in coming session@12th Jan2018
We all know 689 is very important level if you have been following me as discussed in earlier post & videos.
Closing the update
No way it had to fall below 669 likely we planned for safe buying above 679 only
or close to 669-671 zone
Ok - Forgot to tell that 665-666 is also important zone & if this zone holds - current email@example.com - It can bounce & bounce sharp upside for 679- 689 levels.
That's why I said bounce & bounce from 665 to 669 - Awesome - Shall come up with new post Thanks.
Strict Stop Loss below 665.50 & Nifty Below 10590 - if breaks Nifty moves for 10550 & Auro can slip more downside below 665 else bounce still expected for 675 - first 679 next above 679 -684 - 689.
Nifty Update - Last Price@10660
Wow! - It bounced hard & surprised the market - Jumps from 10597 to 10660 levels as suggested earlier at 13:13 Hrs -12th Jan2018
Auroharma Update - Last Price@669.45
Auro as well jumps from 665-666 as expected in the earlier update.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
. Appreciate your detailed target levels
Thank You so much for help