It looking Auro finally getting on reversal trend. Breakout of falling long term trendline after 2 years, spike in volume & also crossed 200 DMA.
R1 -570 - Major hurdle which is also multi year support, once it break can see good up move.
Short term target 570, T2 605 with SL465. Long Term 750 min once it sustain above 565. So please keep adding at every level...
A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star ....
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
Hello friends here I am publishing a trade idea on Daily chart of Aurobindo Pharma first of all I must say that it is a simple trading idea only based on price action for the beginners like me and I only plotted 200 EMA on this chart for indicators, So as we can see after a consolidation in Parallel Channel it is breaking a strong resistance after breaking channel...
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
AURO Pharma is trading downward parallel channel since last two year. Also form bullish RSI divergence in weekly timeframe. So, it can buy whenever breaks downward channel for long term investment, or even more than 5-year investment can be done average in this channel and wait for breakout.
This is as per my best knowledge, we are not advising anyone to buy or...
A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star...
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
Aurobindo Pharma has recently shown a strong growth recovery from its bottom, offering a potential trading opportunity with minimal risk.
Our analysis reveals the activation of a harmonic Bat Pattern, which suggests a target of 552 with an entry range of 474-482 and a stop loss of 444.
By leveraging this trade plan, traders can potentially profit from the...
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You...
![AUROPHARMA: [N] False Breakdown Case for Support and Resistance](https://s3.tradingview.com/k/kuK7NVvl_mid.png "[N] False Breakdown Case for Support and Resistance")
![AUROPHARMA: [Intraday] AuroPharma Compression Pattern](https://s3.tradingview.com/p/pFQXHtIc_mid.png "[Intraday] AuroPharma Compression Pattern")
