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HarshRaj-equityhighway

[INTRADAY/POSITIONAL SHORT] if swing low is breached

Short
TATA ELXSI (NSE:TATAELXSI)  
HarshRaj-equityhighway Updated   
NSE:TATAELXSI   TATA ELXSI
Chart Patterns Trend Analysis
1
0
chartpattern trendanalysis
if purple line is breached, then weakness is bound to dominate. One can go short intraday as well as positional.
Comment:
swing low is yet to be breached. wait for it. patience is the key. It's great to see a strong rejection today and an inverted hammer like candle is formed with long upper wicks.
Order cancelled:
no trades were taken (neither intraday short nor positional short)
Comment:
today, it has shown perfect textbook example of breakout pattern with good volumes.
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