The stock is making a double top pattern and can give a breakdown below 3650 level. Short term targets will be 3575 and 3465. Carry Positional only if it gives a day closing below our trigger.
Hi Tanya double top neckline broken but it’s moving up. Trend reversed.? Wats ur view
tanya151181
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@mkarthiga2010, nifty is positive since yesterday so short trades all reversed... I hope u had a stop loss intact. Target 1 was hit but a day candle never closed below 1st target to aim for second target. Infact if you see a hammer was made on first target that showed buyers getting active.
mkarthiga2010
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Yea. Thank u for clear explanation
tanya151181
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@mkarthiga2010 welcome. See it could be just a retracement as well...
HemantAkhani
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Can you give view on info edge and Dixon technology ??
tanya151181
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@HemantAkhani, please share your charts with me on my tel***gm - I will check
Parasuram
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is there any given target pattern for double top.. if so are the targets conservative.. just for knowledge
tanya151181
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@Parasuram, I have given Conservative targets... These days bookish targets don't meet. If you see a closing below second target start trailing