AUROBINDO PHARMA looks like its going to blast

19 Des 2023

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