Meghmani Organics Possible Double Top Pattern Spotted #Breakout
Meghmani Organics Double Top Pattern Spotted .
As you can see the context , Price was in already Short Tern Uptrend and it Recently Broke Pennant which is kind of Bullish Continuation Pattern .
Now the Stock is facing Resistance at 123 Level but the Good thing is volume more than usual Near the Breakout Level Once it broke the 127 Level And sustain above then it will show you 140-145 Level in No time, buy i can say this is Risky Trade for now , either you wait for Price to sustain above 127 or you can go Long now with small SL to Ride the Wave .
If you have any question feel free to ask .
As you can see the context , Price was in already Short Tern Uptrend and it Recently Broke Pennant which is kind of Bullish Continuation Pattern .
Now the Stock is facing Resistance at 123 Level but the Good thing is volume more than usual Near the Breakout Level Once it broke the 127 Level And sustain above then it will show you 140-145 Level in No time, buy i can say this is Risky Trade for now , either you wait for Price to sustain above 127 or you can go Long now with small SL to Ride the Wave .
If you have any question feel free to ask .
Trade closed: target reached