share name : Indus towers ltd
call type : positional
- we can see a double bottom. bullish engulfing candle on weekly and monthly time frame also.
- share is forming a bearish bat pattern with
descending triangle pattern
- on support area around 180 (a good
consolidation can be seen)
- approachable targets 230, 259 with sl of 175
Bearish Bat Harmonic Pattern at the tops of 38231. Sell Triggers below 37941
Traders have to sell once it triggers below 37941 with recent high as stop loss later.
1st Target - 37655
2nd Target - 37522
3rd Target - 37249
I hope you can now see how the GC1! represents an excellent Bearish Bat low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be...