Pennant formation on Ujjivan
Updated
The stock has formed a pennant pattern with high volume data. We could either look to short below 339 or sell on rise @ 345 zone.
Expecting a breakdown move of 15 - 20 points on the downside.
Entry - Below 339 or sell on rise @ 345 based on further price action.
SL - 350
T1 - 330
T2 - 325
T3 - 320
Purely for study purpose
Thanks.
Expecting a breakdown move of 15 - 20 points on the downside.
Entry - Below 339 or sell on rise @ 345 based on further price action.
SL - 350
T1 - 330
T2 - 325
T3 - 320
Purely for study purpose
Thanks.
Trade active
Entered @ 344Note
Revising my Target 1 as 334Note
Target 1 doneNote
Exited my remaining position @ entry price
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