AUROBINDO PHARMA - Price is bouncing from demand
⚡Price Analysis:
1️⃣ Stock is in bullish trend.
2️⃣ Price have hit the demand zone.
3️⃣ EMAs are also supporting the view.
✨ My Expectations:
➡️ RRR is favourable.
➡️ 1:3RRR minimum will be expected. Entered w/ 7% SL .
➡️ Expecting strong weekly candle closing for confirmation strength.
➡️ Overall market sentiment is weak so will stay cautious.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!✅🚀
1️⃣ Stock is in bullish trend.
2️⃣ Price have hit the demand zone.
3️⃣ EMAs are also supporting the view.
✨ My Expectations:
➡️ RRR is favourable.
➡️ 1:3RRR minimum will be expected. Entered w/ 7% SL .
➡️ Expecting strong weekly candle closing for confirmation strength.
➡️ Overall market sentiment is weak so will stay cautious.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!✅🚀
Anubrata Ray ⚡
Related publications
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.
Anubrata Ray ⚡
Related publications
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.