Not for day traders, only for positional traders
If you know about triangle pattern just ho through it..
JUST AN EASY ANALYSING, ALL THE DETAILS ARE WRITTEN IN CHART ITSELF.
FORMED DARK CLOUD COVER ABOVE THE UPTREND, TIME TO SHORT HAPPY TRADING :-)
REVERSAL PATTERN AT RESISTANCE AREA, SHORT WITH 127 STOPLOSS FOR A TARGET OF 122
ACTUALLY ITS NOT EXACTLY A FLAG,EXPECTING BREAKOUT. I THINK IT WILL BE A BULLISH BREAKOUT. NOW DAYS PHARMA COMPANIES ARE IN BETTER DEMAND. AM EXPECTING A NEW HIGH OF 690..
AND ITS VOLATILITY IS GOOD TOO FOR TODAY'S TRADING. ENJOY THE TRADE :-) STAY HOME.. STAY HEALTHY
DEPENDS ON OPENING ONLY WE CAN SAY IN WHICH DIRECTION IT WILL MOVE. HERE IS THE BASIC CHANNEL. IF IT SUSTAIN ABOVE 708-710 AREA, STRONG BULLISH TREND. 699 - 710 IS IMPORTANT AREA. AND THE ITS VOLATILITY IS HIGH. SO EXPECTING 7% - 10% MINIMUM MOVEMENT. HAPPY TRADING :-)