ritik_patel

AUROPHARMA RISING WEDGE 1HR

Short
NSE:AUROPHARMA   AUROBINDO PHARMA
AUROPHARMA is in a rising wedge pattern & as it is mostly observed the rising wedge pattern breaks on the downside ( but it is not guaranteed ). If it breaks on the downside the horizontal lines will act as a support and any reversal candlestick pattern near the support can prove to be a entry point for a positional trade. If you trade FUTURES then you can short AUROPHARMA when there is a pattern breakdown with volume confirmation. ( Feel free to share your thoughts, if any )

Comments

and also showing negative divergence
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