(FOR LEARNING PURPOSE ONLY)
Price below 50mvwap
On 9 Jul 2:45pm,a bullish candle closed with significant supply , followed by failed engulfing next day suggests that Price failed to hold on to the breakout (false breakout) & retraced back into the channel
If price closes below 193.3 go short (on volume confirmation) with targets 185.60 & 175.60
As per chart it is clear that breakout above 330 does not sustain and the price is back in channel ......i will go short tomorrow around 328 for the immediate target of 318 with stop loss 332.