Sell at 305
Reasons For Trade- 1.Price Has formed double top pattern on daily chart
2.Price has formed bearish candlstick pattern on daily chart
3.Small pullback is possible
4.Price broke the hourly trendline
5.Price closed below 200 EMA on 15 minute chart
6. Risk Reward 1:1
Due to falling the price, there is very low volume -> (not interested sellers)
After strong price rotation, up spike has been seen -> (buyers wining)
Buy above 1544 is not bad idea VS buying at the dips in support is accurate trade.
Sell Torrent Pharma with a S.L of 1863 and targets of 1805, 1789. Adjust your volumes as per your entry price. Suggestion : Keep the volumes light.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns....
This stock comes across as a wonderful #Wyckoff #Re-accumulation candidate. After a prolonged trading range, the price registered a breakout and retest of the range. The volume and price signature today is very encouraging. I am long this stock with a stop loss at 1,700.