1. As I mentioned in my previous study, The price took the reversal after the 50% retracement.
2. On drawing, ABCD Pattern; As the extension to the previous level.
3. Lets find the reversal level with the D Point
if D=1; Double Top Formation Price:1128
if D=1.28; reversal level Price:1153
4. Previous day volume was really good on green candle.
BUY ABOVE 1110 Target: 1117.70 , 1122.30 Stop Loss: 1104
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Gaurav Bajaj
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Comment:
Warning: Hanging Man formation on Weekly Chart. Please watch out
Trade closed: target reached:
All target reached in Pre Open
