johntradingwick

Auropharma - Rebounded from 200 MA + Bull flag pattern

Long
NSE:AUROPHARMA   AUROBINDO PHARMA
Key Highlights:

1. Approaching trendline
2. Flag and Pole pattern
3. Rebound from 200 MA
4. Support from 0.5 Fibonacci level
5. Volume lacking at the moment
6. Early signs of a breakout
7. Stop loss: 936

Better visualization of the pattern using line chart:

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Trade closed manually

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