TradingView
Somanathrout
Sep 11, 2021 7:34 AM

hal trade setup 

HINDUSTAN AERONAUTNSE

Description

possible trend reversal is noticed in the stock, overbought rsi in weekly chart onfirming a bearish candle in weekly chart followed by a short doji with long upside wick indicating a price decline can happen , setting a stoploss at 1400 on daily close it can be short for target 1315, last intrady low, breaking it it can go further low else a double bottom can be seen to resume its uptrend.
Comments
mrassewat377
from where did you learn this technical analysis
Somanathrout
@mrassewat377, many weeks passed, but still the stoploss safe as far as weekly basis is concerned. You must learn this technical analysis also. A long position can be initiated now setting a stop at previous week low.
More