Levels are marked on the chart
All the levels are marked on the chart.
SL below the bottom line
THE VOLUME AT THE FIRST TOP IS HIGH COMPARED TO THE VOLUME ON THE SECOND TOP. ALSO, THE DOUBLE TOP IS CONFIRMED BY THE HIGH VOLUME AT THE BREAKOUT OF THE NECKLINE. EVEN THOUGH THE PRICE AS OF NOW IS ABOVE THE NECK LINE, IT WILL GO BELOW THE SOON.
The script was forming a pennant pattern and has also crossed the resistance of 68. A clear indication of the breakout can be observed on the 1Hr chart.
I THINK ITS CLEAR FROM THE CHART ABOUT THE CUP AND HANDLE FORMATION
THE SCRIPT IS IN UPTREND ON HOURLY AND 30 MINS CHART. IT HAS CREATED A DOUBLE TOP AND THE PRICE IS EXPECTED TO FALL ON THE TREND LINE. IF IT BREAKS THE TREND LINE THE GO FOR SHORT OTHERWISE WAIT FOR THE DOUBLE TOP BREAKOUT.
TRIANGLE PATTERN IS FORMING
LEVELS MARKED ON THE CHARTS
PLACE STOP LOSS SOMEWHERE NEAR 450
BUY ABOVE 445 TGT 447-449