The stock has formed the double top and closed below its Neckline. Any pull back now could be used to short the stock
RR Ratio 3
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
It was not moving so close the trade.
@rajesh48adluri, Sir Technical Analysis is a science as well as an art therefore in any situation there may be more opinions and predictions. It is OK to have different opinion moreover I am also a learner not an authority to correct you. Thanks for adding your views.
@rajesh48adluri, I watch only Price Action. I don't listen any business news and all TA followers should do the same as the basic principal is that every news is discounted into price. I would like to take help from screening software but I don't know any good one, if you know please share the information. Thanks