Weekly candle Big bearish shooting star
Daily Candle closed below support line
H4 RSI diverge making a lower low breaking support line
H4 MACD Crossover signal to go short
SUN TV has given much awaited break down on Daily as Weekly Chart. we may see some free fall in the stock from CMP, Fundamentals of the company looks very poor.
Just a view. Do you R&D before taking any trade.
target - 557 - 551
stop loss at 613
New on Trading View
Hi
I was looking for a harmonic pattern completion (on the downside) before getting involved in this stock. But the stock changed my bias by breaking above a falling trend line (red) and the cup and handle pattern neckline.
Long Idea
The Risk
For getting into this trade, the risk could be (traditional) low of the handle (162) or the more aggressive 170...
