There is double top has been seen in daily chart so 1 can go short below neck line. Traders If I am wrong please suggest me.
Strategy:One can go short when price touches the above slant trend line..As RSI value was much differ when price touches 1 trend line it shows Jet is bearish.Also the channel is also bearish.One can set target up to 2 trend line. Please don't trade as I am in learning stage.Traders can give their expert comments.
This is simple setup for MRF usinf trend lines and band contraction.
It is channel breakout in BHEL daily in past.