PRICE IN DOWNTREND AND CURRENTLY FORMING A DESCENDING TRIANGLE .ANY BOUNCE TOWARDS THE UPPER TRENDLINE IS TO BE USED FOR SHORTING POST PRICE ACTION CONFIRMATION.TARGETS CAN BE HUGE IF THE BREAKDOWN HAPPENS.
THE RECENT UPMOVE IS NOT SUPPORTED BY VOLUMES AND PRICE FACING REJECTION AT THE CURRENT LEVELS.ALSO THERE IS A DOUBLE TOP IN SIGHT FOLLOWED BY A WEDGE WHICH INDICATED PRICE IS LIKELY TO TOUCH THE 1150 LEVELS
the stock has hit resistance trendline followed by negative divergence on the daily and hourly time frame along with a probable double top formation and shooting star on the hourly time frame.Price has also retraced 61.8% from the high and lows of year 2018.Hence one can look for shorting opportunities in the current zone. to be shorted close to 1215 for a better...
THE 15 MIN TF HAS WITNESSED A STRUCTURE BREAK.LONG TERM TREND IS BEARISH.TRENDLINE HAS BEEN BROKEN TO THE DOWNSIDE FOLLOWED BY A BEARISH CROWN IN THE MAKING.A SHORT TRADE CAN BE LOOKED FOR ON THE .618% RETRACEMENT TOWARDS THE 954 LEVELS,STOP LOSS-966,TARGET-930