Beauty of big M pattern is the good reward potential of reversing the complete trend from where it has started. We can see that stock has formed the pattern nicely and with little luck one can expect the price to the level of 90 which is a good reward. Stop Loss I leave at your discretion on your risk taking capacity.
Disclaimer : All ideas are my personnel view....
The stock has formed the double top and closed below its Neckline. Any pull back now could be used to short the stock
Entery 1285
SL 1311
Target 1200
RR Ratio 3
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
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