It is been observed that price action failing to breach 970 levels due to selling pressure that limiting the price action to 970 levels where we could see a double top. Now it is a good time to short it with stoploss at 970 levels.
It is also observed that the price action is forming a diagonal on daily chart, where breakout is expected.
Target: 935
Target 2: 920
Stoploss: 970
It is also observed that the price action is forming a diagonal on daily chart, where breakout is expected.
Target: 935
Target 2: 920
Stoploss: 970
Trade active:
Targets nearing, be ready. Regards
Trade active:
Trade changes to double top to triple top to Ascending Triangle, interesting to look how market changes shapes with time.
Trade closed: target reached:
Biocon Targets reached successfully, did perform well. Regards
