Auro pharma is trying to make IHNS pattern on hourly charts.
Breakout will be confirmed on sustaining above 850 level or crossing of 865 levels.
pattern will be invalidated when price will sustain below 820 levels.
overall Pharma sector is looking positive.
PS: chart is only for purpose of education, please consult financial advisor before investment.
Aurobindo 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...
852 and 833 are major resistance for auropharma.
you cna take buy here i\above 30 minute high for these target 833 and 852 and can do some shorting also at 832 or 852
Price has taken support in AUROPHARMA. Expecting to move further . Good to go long
SL should be below support area
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Way too clumsy a chart..isn't?
Yeah, But lets see..
Anyways, Lot of resistance at 811-814 zones
Bullish moves only if sustains above it. Till then remain cautious.
Aurobindo Pharma Limited : Pharmaceutical Company ( NSE:AUROPHARMA ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE...
