Has been falling the past 7 days, with the a green candle today
Long only if it breaks the high of the previous day with a stop loss at the previous day's low or previous day close
Since its an inside bar as well, if short triggers, update stop loss to cost.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid...
Isnt that a great symmetry.. looks likes a mirror image although people might look at shape , but similarity is more imp here. Also note the movements of the two mov avg. though its said that diamond like formation is often the top, lets see if it actually tops out. again whats an universal obvious will not happen but lets not overhead any obvious situation.
Biocon might have completed wave y. Biocon is facing multiple Fibonacci resistance (Fibonacci cluster). Short below 641 for target 634/24 with sl 648.
Ignore Fibonacci levels on the chart. I have published it in quite unprofessional manner, apology for the same. Thank you:)