NeeteshJain

IPCA LAB - Shorting Setup

Short
NSE:IPCALAB   IPCA LABORATORIES
The price action is been trading in an uptrend channel for while and it is been going up and down within the channel's trendlines . Today's it is been observed that the price action is correcting after touching the high point of trendline resistance, indicating selling pressure. Now it making lower highs indicating prices to go further down. Now, it is correcting and reaching out to previous resistance level at 555 levels. Stoploss at 585

Take trades with care and understanding of risk management,

Good Luck,
Thanks for the support.
Regards
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