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eastwind65

DOUBLE TOP FOR BECTOR FOOD- POSSIBILITY OF SHORT TERM REVERSAL

Short
MRS BECTORS FOOD SPE LTD (NSE:BECTORFOOD)  
eastwind65  
NSE:BECTORFOOD   MRS BECTORS FOOD SPE LTD
Trend Analysis Chart Patterns Double Top Bearish Pin Bar Evening Star bearishdivergence
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trendanalysis chartpattern doubletop bearishpinbar eveningstar bearishdivergence
BECTORFOOD has fallen to a low of 328 in March 2021 and has been Bullish since then. It has reached a High of  445 in June and has retraced from the resistance zone at 442-452 range to a low of 395.

Now it has reached the resistance zone again and has made a Bearish Pin Bar that is half of the Evening Star Candle Stick Pattern. There is also a Bearish Divergence. So short term the pattern is bearish.

To go long we have to wait for break of the resistance zone at 442-452 range and wait for a retest and can go long on a confirmation Bullish Candle for Targets of  502.
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