1. MACD crossover.
2. Near the breakout of Darvas box.
3. Increasing volumes and higher delivery percentage.
4. PCR at 0.79 as on 12/02/2021.
5. Taken support from 200 EMA (red) and 100 EMA (black) recently.
1. A slight bearish divergence.
Educational purpose only. My 1st idea (be kind).
DOUBLE TOP __1 day chart pattern
APRIL 27 tested a new high (504.80) and failed to break it. Almost after month+ it has risen above to its Previous HIGH.
I would go SHORT around " IF THERE IS ANY RESISTANCE AROUND IT'S PERVIOUS HIGH OR IF THERE IS A SIGN OF A NEGATIVE CANDLE
( HANGING MAN ) IN THE NEXT FEW DAYS"
TARGET__ 475- 450
MY VERY FIRST ANALYSIS / CORRECT ME IF AM WRONG
PLEASE VALIDATE AND GIVE SOME SUGGESTIONS !
Previous support levels resistance level is broken along with a small rally. Since LTP : 27.75 Entry price : 28.00
Previous resistance level is found to be at 30.3 so Exit price is kept well below it as Exit price : 29.8
Stop loss below previous support level of...