AUROBINDO PHARMA LTDViés de baixa
Aurobindo Pharma May turn to Bearish.
Aurobindo Pharma may turn to Bearish. Look for short after conformation of strong Red Candle.
1. Chart and candle pattern - Ascending triangle and Doji formation
2. 930 is the major resistance
3. Trend - Stock is in Bullish trend with great volumes, But a Doji at resistance is formed.
4. RSI is showing Bearish divergence - As the prices are going higher high and RSI is making Lower High. Also prices taking support around 50.
5. Moving average - Above 50 SMA.
Note: If price closes above 930 and volume raises it can be considered in Bullish trend. if a strong red candle appears the we can look for short
Only for educational purpose. Everyone share your thoughts in comments.
1. Chart and candle pattern - Ascending triangle and Doji formation
2. 930 is the major resistance
3. Trend - Stock is in Bullish trend with great volumes, But a Doji at resistance is formed.
4. RSI is showing Bearish divergence - As the prices are going higher high and RSI is making Lower High. Also prices taking support around 50.
5. Moving average - Above 50 SMA.
Note: If price closes above 930 and volume raises it can be considered in Bullish trend. if a strong red candle appears the we can look for short
Only for educational purpose. Everyone share your thoughts in comments.
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