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iamarjunchandra
Apr 22, 2020 9:14 AM

Evening Star Formation on the card for Aurobindo Pharma! Short

AUROBINDO PHARMANSE

Description

After a long bullish candle, today a doji is formed with high volume which means uncertainty in the market. Profit booking might be happening and tomorrow we may see the bears getting into the market. Short tomorrow at the bottom of today's doji. RSI is also at 75 suggesting over bought condition.

Comment

After a spike, Down 25 points today. clear down trend visible. More to go in the afternoon session. Short... Short...Short!

Trade closed manually

Session is over. Got 30 rupees per stock shorting ;)
Comments
Pranayjain9111
Nice call, :)
What about moro?
patelamit16
Great view now what u feel what levels is expected
iamarjunchandra
@patelamit16, Around 620 trend may reverse due to the current sentiments for pharma industries. Many will think it's a good buy at that level. Let's see!
Pranayjain9111
@iamarjunchandra, just like you told .. it has reversed.
iamarjunchandra
@Pranajain911, People are crazy for pharma stock now a days bruh! ;)
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