Scrip has already come back from the retracement from double top bearish reversal quite sooner than expected and has already moved out from consolidation channel
Today candlestick has resulted in bullish pin bar
Bullish Reversal Pin Bar Formation
In a bullish pin bar reversal setup, the pin bar’s tail points down because it shows strong rejection of lower prices. This setup very often leads to a rise in price. The bulls have managed to pull up the price upto good extent
Planning to enter intra-day, if the scrip shows significant advancement
Enter above 790
TP - 795, 800, 805, 810, 820
Sl to be taken as per risk appetite
Today candlestick has resulted in bullish pin bar
Bullish Reversal Pin Bar Formation
In a bullish pin bar reversal setup, the pin bar’s tail points down because it shows strong rejection of lower prices. This setup very often leads to a rise in price. The bulls have managed to pull up the price upto good extent
Planning to enter intra-day, if the scrip shows significant advancement
Enter above 790
TP - 795, 800, 805, 810, 820
Sl to be taken as per risk appetite
Comment:
There could be more SHORT opportunity as the bears have managed to get their hold over the scrip with Marubozu alike candlestick pulling the price action..
Planning to enter now below 705
Planning to enter now below 705
Comment:
Scrip has reached the crucial support level forming triple bottom
If going below 668, One can seize SHORT opportunity for TP as defined
If going below 668, One can seize SHORT opportunity for TP as defined
Price action below 735 could be SHORT opportunity till 700