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NeeteshJain
Nov 30, 2016 2:58 PM

SHORT Biocon facing selling pressure at "Resistance" Short

BIOCON LTDNSE

Description

It is been observed on the daily chart that the price action reaches to resistance levels of 928-938 levels where it made a double top and facing a selling pressure as the prices dipping down and failed to break over the resistance. Now, it shall further breaks down below.

Target1: 900
Target2: 880
Stoploss: 942

Trade active

Trade closed: target reached

Target 1 reached successfully. Regards
Comments
ashpats
Look like it is apporaching stop
SaurabhSrivastava28
is this the level for shorting
NeeteshJain
@SaurabhSrivastava28, Yes, it may fall down from the resistance levels with stops at 942. Regards
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