crocodile_trader

AUROBINDO PHARMA looks like its going to blast

Alış
NSE:AUROPHARMA   AUROBINDO PHARMA
Auropharma is making an inverse head and shoulder pattern at a resistance level, now this is not a reversal pattern, it is a bullish continuation pattern which forms during an ongoing trend. The only point of concern is that the pattern is being formed at a resistance level of weekly timeframe. Weekly levels hold more weightage than any short period timeframes. If you love to risk then go ahead otherwise if you are a confluence trader like me, you can skip it.
If the breakout comes real, this will hopefully touch all time highs.
If i had to enter this, i will wait for a retest
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.