The stock is facing resistance at flip zone 600. Now CMP is 575 and it is above 200 ema line. But looking over the historical behaviours at 200 ema line it has resumed its bear trend . Expecting the same again.
Make entry when the prices retrace again to the resistance zone to form a double top pattern and then enter short on confirmation bar.
Targets are mentioned in the charts.
Thanks.
Make entry when the prices retrace again to the resistance zone to form a double top pattern and then enter short on confirmation bar.
Targets are mentioned in the charts.
Thanks.
Trade active:
Entered @ 590 on Jan 18.
Comment:
Target 1 done
Trade closed manually:
CLosed @ 540