raj3elite

Auropharma on Neutral

NSE:AUROPHARMA   AUROBINDO PHARMA
Symmetric Triangle pattern formation on Auropharma on 15 mins timeframe and it may break either. Normally Symmetric triangle pattern only to break either and other two triangles won't break either side. Will explain on another chart about other triangles.

Trade for Long:
Buy above - 666.50
Target 1 - 668.75
Target 2 - 670.60
Stop Loss - 664.50

Note - If the price hit the target 1, sell 50% of holdings and change the stop loss at cost to cost.

Trade for Short:
Short below - 664.50
Target 1 - 662
Target 2 - 660
Stop Loss - 666.50

Note - If the price hit the target 1, buy 50% of holdings and change the stop loss at cost to cost.
Trade active: short initiated
Comment: Target 1 - achieved
Trade closed manually: As I mentioned about TSL at cost to cost at 664.50 and its hit. So, closing my chart.
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