johntradingwick

Auropharma - Rebounded from 200 MA + Bull flag pattern

Long
johntradingwick Updated   
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

Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView

✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Rounding Top pattern: tradingwick.in/chart-patterns/rounding-top
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.