Double-Top Breakdown in Alliant Energy | Short Target ₹62.90

Price action in Alliant Energy has developed a clear double-top reversal pattern, with the neckline now broken on strong momentum. This structure signals exhaustion of the prior uptrend and the possibility of a bearish leg unfolding.

Adding further conviction, the MACD indicator has printed a bearish crossover (MACD line crossing below the signal line), showing that momentum has shifted in favor of sellers. This dual confirmation — pattern + momentum — strengthens the short-side outlook.

Trade Plan:

Entry: On breakdown or retest of the neckline zone.

Stop-loss: Just above the recent top / right shoulder (adjust as per risk tolerance).

Target: ₹62.90 (measured move objective).