Mana coin is making a flag pattern in 4h timeframe.The flag once broke out earlier,now it is retesting from the trendline and can fall downside to the next support.If high volume bear candles form on the chart,then a short trade can be initiated downside.Supports are marked there on the chart.
M&M
Weekly Chart Shows Break Down of
Bearish Head & Shoulder Pattern
Broken Neckline of Pattern below 612
Now Going to test Support 570
Sustain below 570 will lead the Sharp fall to 540-520-485
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Century Textile can be shorted below 780 for 760-740-720. SL can be around 801
1. Trend Line
2. Bearish Engulfing candle on Daily Chart
3. Stochastic - Oversold
4. Poor market sentiment
Tri Star candlestick is an extremely rare pattern . In my 10 years of trading experience i found only one in EOD stock charts nifty stocks allowed in Future. Since it happened to me only once I have no prior experience of its performance however one can short the stock with very small stop loss of the 432.50 on closing basis.
