Biocon Short Setup (Double Top)
Updated
It is been observed that price action failing to breach 970 levels due to selling pressure that limiting the price action to 970 levels where we could see a double top. Now it is a good time to short it with stoploss at 970 levels.
It is also observed that the price action is forming a diagonal on daily chart, where breakout is expected.
Target: 935
Target 2: 920
Stoploss: 970
It is also observed that the price action is forming a diagonal on daily chart, where breakout is expected.
Target: 935
Target 2: 920
Stoploss: 970
Trade active
Targets nearing, be ready. RegardsTrade active
Trade changes to double top to triple top to Ascending Triangle, interesting to look how market changes shapes with time. Trade closed: target reached
Biocon Targets reached successfully, did perform well. Regards
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