NeeteshJain
Short

Biocon Short Setup (Double Top)

NSE:BIOCON   BIOCON
275 views
5
275 0
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

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
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out