Biocon Short Setup (Double Top)

5 Eki 2016

It is been observed that price action failing to breach 970 levels due to selling pressure that limiting the price action to 970 levels where we could see a double top. Now it is a good time to short it with stoploss at 970 levels.

It is also observed that the price action is forming a diagonal on daily chart, where breakout is expected.

Target: 935
Target 2: 920
Stoploss: 970

7 Eki 2016

İşlem aktif

Targets nearing, be ready. Regards

8 Eki 2016

İşlem aktif

Trade changes to double top to triple top to Ascending Triangle, interesting to look how market changes shapes with time.

13 Eki 2016

İşlem kapandı: hedefe ulaştı

Biocon Targets reached successfully, did perform well. Regards