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
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Targets nearing, be ready. Regards
Trade active
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Trade changes to double top to triple top to Ascending Triangle, interesting to look how market changes shapes with time.
Trade closed: target reached
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Biocon Targets reached successfully, did perform well. Regards