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ritik_patel
Dec 6, 2020 7:36 AM

AUROPHARMA RISING WEDGE 1HR Short

AUROBINDO PHARMANSE

Description

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
rohitd777
and also showing negative divergence
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