IPCA LAB - Shorting Setup

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.
Thank you boss!! it helps :)
+1 Reply
NeeteshJain adsuser12345
I wish you gain something out of it and apply it to your trading to achieve greater results. Regards.
I am new to this tool. m not able to know when did you start the analysis on this stock? How would i understand your strategy? i could understand the prices or charts but not strategies. any help?
NeeteshJain adsuser12345
It is been few months to join this platform. You shall start learning from basic by reading charts and understanding the price action.

Recently I have posted two educational series on channels, which is a strategy that you may learn and practice by posting your charts and looking at your results to confirm it.

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