Bearish Bat Formation on GMR Infra
There seems to be a potential Bearish Bat formation on 
GMRINFRA on the daily charts.
A short can be initiated at 13.88
Target 1: 12.48
Target 2; 11.65
Stop: 14.52
Please Note: The lot size for futures of this stock is 45,000 units.
Disclaimer: The chart is only for educational purposes and in no way a recommendation to trade. Please conduct your own research before trading.
GMRINFRA on the daily charts. A short can be initiated at 13.88
Target 1: 12.48
Target 2; 11.65
Stop: 14.52
Please Note: The lot size for futures of this stock is 45,000 units.
Disclaimer: The chart is only for educational purposes and in no way a recommendation to trade. Please conduct your own research before trading.
Note
Entry Point also coincides with a falling trendline which will act as resistance.
Note
Closer view of the convergence of the falling trendline (Orange Line) & entry point (Marked as Blue Line)
Trade closed: stop reached
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.
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.