How to predict tomorrow's trade

F

freshtrader

Member
#1
#1
I was watching ET Now and Ashwin Gujral has asked to Shot Auropharma @530 target he has given is 495. Today it (Futures) has reached 522 some -13.7 points down (Lot size 2000) and when i see my charts all indicators are still showing long direction in daily and weakly charts but how does he predict that this will fall to 495 levels , in daily charts i see it as double top (i may be wrong). Can some one look at the chart and also predict it in similar manner and explain how to know this.

Thanks in advance ..
 
Rish

Rish

Well-Known Member
#2
#2
freshtrader said:
I was watching ET Now and Ashwin Gujral has asked to Shot Auropharma @530 target he has given is 495. Today it (Futures) has reached 522 some -13.7 points down (Lot size 2000) and when i see my charts all indicators are still showing long direction in daily and weakly charts but how does he predict that this will fall to 495 levels , in daily charts i see it as double top (i may be wrong). Can some one look at the chart and also predict it in similar manner and explain how to know this.

Thanks in advance ..
Click to expand...
I am going as per my level...Previous Top Out was 542.90 it has corrected to the level of 494.65 again it has moved to the same top out 542.80 today and breaking below 533 short - targets 513 / 494 again s/l is 542.90....

 
F

freshtrader

Member
#5
#5
Dear Rish,

I am attaching 1 hr chart for Auropharma and have plotted the lines as per what you have also mentioned. (Unable to because of the size limit :( ) can i mail to you ? If so could you share your mail id if it is ok with you.

What i would like to know is how did you come to those levels
1) 513 as 1st Target
2) 494 as 2nd Target

I can see 533 as the 1st resistance based on the line above the large green candle but want to understand the 513 and 494 levels.

Thanks
 
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