I don't need to write more about this stock technically because I already have taught for this Top reversal head and should pattern:
As per the downward channel, we can create a trade setup:
Risky Investors can buy at Rs. 47 first entry point
NOTE: IF YOU ARE PLANNING TO TRADE, I WILL WORK FOR DAILY TIME-FRAME AND 30-MINUTES TIME-FRAWE FOR GETTING ACCURATE NUMBER TO TRADE. Kindly, say in comment section.
1) The primary trend is up.
2) The remarkable point is price rotation which is a sign for you to trade in which direction.
3) Volume gives hit of your direct right or wrong
4) Observation area should...
Head & shoulder pattern is in formation in 240 mins. A short can be initiated with a stop loss of 9940 for target of 9480 & 9180 .
As price level of 10000 is rejected two times in two days. Bulls are not able to extend the pull back from 200 ema in 240 . So breakout seems quite possible . To see bullish momentum 10000 level should be crossed with heavy volume...