Aayush_Rungta

Bearish Butterfly - Potential Short Trade

Short
NSE:BRITANNIA   BRITANNIA INDS
This is the first time I am trying Harmonic Patterns, and since we are betting against a very bullish market, I have by doubts.

However, the price fell from a well tested Resistance Trend Line, and the RSI is also slowly falling down from the Overbought region. I have kept a close stop loss just above the recent high. Fingers Crossed.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.