Aurobindo Pharma was consolidating for a while near the Supply Zone /Resistance. The price burst out like water bursts out after huge pressure build up inside a pipe. On similar lines, when there is strong consolidation , its like pressure building up on the price near a resistance or support and soon after , the price breakouts with extreme force. A same action...
Bank Nifty post market analysis on 17-02-2021
Long opportunity at 10:05 candle's high with 1:2 risk reward ratio. Stop Loss is 93 points and Target is 180 points
Reason : Market has taken support from previous day low and printed Bullish Pinbar confirmation candle at 10:00 am candle
Disclaimer : All charts are purely for educational and information purpose...
