SRF moving in a big box of 40% since last 1000 days. Support of 2000 has been a crucial one and safe so far. Can be a good investment pick here to move with a small SL of 10% because multiple attempts to break below 2000 has made it weak now. Can be a good investment pick from here.
Chart pattern looks good for a short trade
1. Classic double top pattern with high & Lower high, low & lower low formed thus breakdown!!!!
2. SL & Target levels mentioned as dashed horizontal lines @ chart
In weekly time frame( shown below) , PEL still looks BEARISH(alike of bearish pole & flag)....trading inside a box(rectangle)
Let's wait &...
Gokul Agro Res LTD long Trade. Box pattern is breakout will happen soon. You can find the flag pattern Breakout.
The targets are 55 and 65.
Target 1: 55 (In 40 days or might be in the next week)
Target 2: 65 (In 60 days)
Happy Trading!
BOX Breakout Pattern will form,
Bullish above 665 1 day close
Target : 700
SL: 644
Time Frame : 35 trading days roughly
Risk is yours and Reward is too yours totally
