NSE: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).
Since nifty has gained all the momentum for now, Pharma as a whole sector is consolidating. Auropharma has made a Head & Shoulders pattern. If it breaks below 850 with volumes, consider for selling. keep target of 770.
Head & Shoulders pattern forming on 2H Chart of AUROPHARMA. SELL 850, SL 890.1, Target(s) - 820, 800. Measurement = 112. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
