Aurobindo Pharma has broken down from a Double Top pattern, confirming bearish momentum.
🔻 Structure: Double Top Breakdown
🔻 Trend: Bearish
🔻 Volume: Breakdown supported by selling pressure
Trade Setup (Short):
Entry: Below Double Top neckline (breakdown zone)
Target: 1143 🎯
Stop Loss: 1221 ⛔
As long as price stays below 1221, downside pressure may continue. A decisive move towards 1143 is expected if bears maintain control.
⚠️ Disclaimer: This is for educational purposes only. Not financial advice. Manage risk properly.
🔻 Structure: Double Top Breakdown
🔻 Trend: Bearish
🔻 Volume: Breakdown supported by selling pressure
Trade Setup (Short):
Entry: Below Double Top neckline (breakdown zone)
Target: 1143 🎯
Stop Loss: 1221 ⛔
As long as price stays below 1221, downside pressure may continue. A decisive move towards 1143 is expected if bears maintain control.
⚠️ Disclaimer: This is for educational purposes only. Not financial advice. Manage risk properly.
Trade closed: target reached
target reached
My Social Media links :
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
My Social Media links :
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.