Biocon Short Setup (Double Top)

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


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