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FalgunPrajapatiTrading

MTAR False Breakout in 1 Hr Timeframe

Short
MTAR TECHNOLOGIES LTD (NSE:MTARTECH)  
FalgunPrajapatiTrading Updated   
NSE:MTARTECH   MTAR TECHNOLOGIES LTD
Trend Analysis Chart Patterns Technical Indicators rsi_divergence Relative Strength Index (RSI) Bearish Patterns
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trendanalysis chartpattern indicator rsi_divergence relativestrengthindex bearish
Trap in MTAR Technology
MTar Technology - False Breakout identified with Bearish Divergence.
Shorting from Selling zone started and formed Bearish Harami Pattern.
Zone of Congestion means confusion in Traders mind regarding Direction.
Comment:
False Breakout identified :
Result : All downside Target hit till 2024
Fall from Resistance(Red line): 2423 - 2391-2339-2307-221-2035
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