The stock has formed a shooting star on top after three consecutive bullish candles forming higher high indicating a potential top reversal.
It could be due to Nifty effect. My bet is it will retrace to 23.6% before moving further. one can initiate a short position if it breaches previous candle low with strict SL.
It could be due to Nifty effect. My bet is it will retrace to 23.6% before moving further. one can initiate a short position if it breaches previous candle low with strict SL.
Trade closed: stop reached