Auropharma forming a head & shoulders pattern.

Short

AUROBINDO PHARMA (NSE:AUROPHARMA)

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NSE:AUROPHARMA AUROBINDO PHARMA

chartpattern head_and_shoulder rejection

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.

Commentaire:

Head & shoulders pattern has given a breakdown & also has almost hit the target. I couldn't initiate the trade coz I missed the alert. I'm happy that my analysis came right.

Trade fermée: cible de profit atteinte

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