Inverse Cup and Handle Pattern-EXIDE-Short
Updated
Forming a perfect Inverse Cup and Handle Pattern with the support shown.
One can initiate shorts on this with T1 (Next week), T2 (by June end), and T3, July. The recent high of 200 is a good SL.
A put option can be a good way to enter in this.
This is from analysis and self-trading point of view. Traders/investors are advised to act on their accord/study.
One can initiate shorts on this with T1 (Next week), T2 (by June end), and T3, July. The recent high of 200 is a good SL.
A put option can be a good way to enter in this.
This is from analysis and self-trading point of view. Traders/investors are advised to act on their accord/study.
Note
First Target met, within the timeline suggested.Trade closed: target reached
The second target met without one breaking the downward channel. Followed the path precisely irrespective of index movement from 15450 to 15900 and then to 15650Trade closed: target reached
All targets met. Week below 180..technically, very weak now and has potential to test 150
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