OBEROIRLTY Soon to see a DOWN MOVE ???!!!
Updated
Chart pattern insist me to go with the opinion titled above
Reasons
1. Oberoi realty has been respecting the channel pattern.
2. Now, it has given BREAKDOWN on Weekly timeframe out of 2.5 year old Trendline support!!(Channel too breached)
3. Volume too seen supportive for the down move.
4. Day candle closing out of the blue trendline will make our exit (STOPLOSS)
5. Target and SL mentioned in the chart.
12% down move awaits as per levels...Let's wait and watch how it moves!!!!
NOTE: Just sharing my view....not a tip nor advice!!!!
Reasons
1. Oberoi realty has been respecting the channel pattern.
2. Now, it has given BREAKDOWN on Weekly timeframe out of 2.5 year old Trendline support!!(Channel too breached)
3. Volume too seen supportive for the down move.
4. Day candle closing out of the blue trendline will make our exit (STOPLOSS)
5. Target and SL mentioned in the chart.
12% down move awaits as per levels...Let's wait and watch how it moves!!!!
NOTE: Just sharing my view....not a tip nor advice!!!!
Trade active
Slow but steady movement!!!Trade active
Trading inside a descending channel....volatile move may occur in coming days!!!Note
Strong day close above the white dashed SL line (892-895 range) required for the bulls to take control...It's struggling....bullish candles lacking volumes and with wicks!!!
let's see!!
Note
Still the setup intact!!!!expecting a quick down move till 780
Note
As expected... Good going!!!
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