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Mayank-Pandey

Auropharma giving positive vibes on Hourly and Fifteen mins TF

Long
INTERGLOBE AVIATIO (NSE:INDIGO)  
Mayank-Pandey  
NSE:INDIGO   INTERGLOBE AVIATIO
Multiple Time Frame Analysis Trend Analysis Triangle AUROPHARMA longsetup multitimeframeanalysis breakoutsignal
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mtfa trendanalysis triangle auropharma longsetup multitimeframeanalysis breakoutsignal
Auropharma is looking on the verge of a breakout due to following reasons:
1. Monthly, Weekly, Daily, Hourly RSI >60.
2. Ascending Triangle formation on hourly/ 15mins chart.
3. 15mins RSI is flirting around 60 which shows the underlying strength.
4. Volume profile shows accumulation is almost complete at slightly lower levels.
5. Underlying current in the pharma sector.
6. Underlying strength in the stock market.
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