AUROPHARMA Short Term Analysis Short

AUROBINDO PHARMANSE

Description

⋅ Sep 19, 2022 3:26 PM

AUROPHARMA forming Head and shoulder on daily basis chart. if the market moves downward it is good candidate to short.
the neck line is good support.
wait for stock to trade below 503 once it sustain below that level we can look for short.

Comments

bardevolved

⋅ Sep 19, 2022 4:10 PM

sir what could be the target ?

AJ_theTRADER

⋅ Sep 20, 2022 2:56 AM

@bardevolved, for a target of 434/387/336 but when it closes below 503 on the daily chart.

bardevolved

⋅ Sep 20, 2022 11:35 AM

@AJ_theTRADER, Okay bro, It seems it will reverse from the current price looking today's spike ?

AJ_theTRADER

⋅ Sep 20, 2022 5:51 PM

@bardevolved, let's wait for our level if it meets then only we can go for any position or we will leave it.