AUROPHARMA Reverse Flag Pattern (Short)

Short on Daily Time Frame on 11.10.2022
Reverse flag on 1 hourly Time frame

Reverse Flag Details
Pole Start (06.10.2022; 10.15AM)
Pole End (12.10.2022;10.15AM)

Pole target matches with 1:1 Risk reward strategy on daily time frame on 11.10.2022

After trend line analysis and Bollinger band strategy the Risk Reward COMES TO 1 : 4.5

Target- 498
SL- 528
Note: Shift SL to cost once the price crosses 510

Yorum:

SL Hit
But view still bearish