AUROBINDO PHARMA LTD

Intraday (27-08-2020)

By theapextrader7

Updated

Range contraction seen in 15 min time frame price. Expecting to see some volatility expansion.

Trade active

Note

Change SL to buy price. Dont want to take risk in such a tightly moving price range stock.

Note

In hindsight entry at 870 (mid point of prev day wide range bearish candle) was a better entry with current entry price as target 1.

Trade closed manually

No loss no profit.

Note

The candle spreads are fairly large. But volumes not coming in. Retail traders are trading actively. Institutions staying away.

Note

Personally holding the trade with SL at midpoint of first 15 min candle.

Note

First target achieved.

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