Auro Pharma - Swing Breakout with Triangle Pattern - Long
Hi Guys,
Greetings from Thenali Views,
Auropharma was breakout the strong resistance zone level of 997 and closed above the resistance with good volume
The script has formed good buildup in the resistance zone and breakout was happened.
Also the script has formed a double bottom.
Hence, now we can go for Long.
Buy - Range 997.60 - 998
SL - 947.60 (2x - ATR + Swing Low)
Target - 1065.60 ( Neckline of the double bottom)
1hr Time Frame Chart : For Multi-time Frame Analysis
Regards,
Thenali Views
Disclaimer: Kindly do your own analysis before executing the trade.
Greetings from Thenali Views,
Auropharma was breakout the strong resistance zone level of 997 and closed above the resistance with good volume
The script has formed good buildup in the resistance zone and breakout was happened.
Also the script has formed a double bottom.
Hence, now we can go for Long.
Buy - Range 997.60 - 998
SL - 947.60 (2x - ATR + Swing Low)
Target - 1065.60 ( Neckline of the double bottom)
1hr Time Frame Chart : For Multi-time Frame Analysis
Regards,
Thenali Views
Disclaimer: Kindly do your own analysis before executing the trade.