SRTRANSFINForming double top pattern and broke the low of the previous support zone.
As the market is also in downtrend it is expected to give a good fall.
Trade safe. Manage risk. Be profitable.
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Srtransfinshort
SRTRANSFIN H&S and Trendline breakdownAll the details are mentioned in the chart.
Sell below - 1350
Targets mentioned in the chart above.
RSI in Weak Zone
MACD bearish
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SRTRANSFIN showing good supply.NSE:SRTRANSFIN
If you see daily chart of SRTRANSFIN chart is showing good supply.
As one can see on 1H chart after breaking out the resistance area of 689 stock not managed to sustained above the same and fall and break the support of 689 (Resistance Become Support). Seeing such scenario we can say Profestionals trapped breacout traders.
After breakingdown the level of 689 stock retest the same level and showing sign of selling from 689.
So we can consider this stock for low risk retest trade for short if below 679 with SL of 715.
