INTRA DAY SETUP FOR AUROPHARMA 16-11-20ON CONFIRMATION OF PRICE ACTION
.
EASY RETURN CAN BE GRABBED
.
FOR AUROBINDO PHARMA , INTRADAY SETUP ANALYSES
Aurobindopharma
AUROPHARMAIm not an expert im just sharing my views on AUROPHARMA for today
Im not responsible for any profit or loss this is not a recommendation
BULLISH AUROAurobindo Pharma after making low around 290 levels , has made high of 960+ levels. Since then stock has been in correction and retraced around 38.2% till 730 levels. however stock has now given Inverse Head and shoulder pattern breakout on 1 hour chart.
we expect long term prior trend to continue, support is around 790/740 levels.
PS: chart and view for purpose of learning. please consult financial advisor before taking investing decision.
Aurobindo Pharma High Probability SetupNSE:AUROPHARMA
Clean momentum in Weekly - Breakout and Retest function
On the Daily, clean Uptrend - taking support at previous Breaout high
On 75m - Inverse Head and Shoulders Pattern. A swing long entry can be taken only on confirmation (breakout of the neckline).
AUROBINDO INTRADAY SWING TRADING PLANAll trading levels are marked on chart. Once levels are broken wait for its sustainability on HTF (15-30 mins) or retest.
