SUNPHARMA after almost a month of rally now seems to have given a temporary top.
On the 15 min chart, as you can see a clear Head & Shoulder pattern has formed with lower highs.
Based on this, I have taken a short position trade which is counter trend as part of my Mean Reversion strategy. December Expiry.
Target: 1734
SL: 1790
P.S. Not a recommendation. Please do your own due diligence.
On the 15 min chart, as you can see a clear Head & Shoulder pattern has formed with lower highs.
Based on this, I have taken a short position trade which is counter trend as part of my Mean Reversion strategy. December Expiry.
Target: 1734
SL: 1790
P.S. Not a recommendation. Please do your own due diligence.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.