Double Top Chart Pattern in IDEA

23 May 2020

IDEA is trading into a triangle and at the same time it is creating a double top pattern at Rs.5.5. So we might face some resistance there but at the same time we can also witness the lower trend line of the triangle is directing upward which is a bullish sign. Keeping all these in mind one can go long at Rs.5.00 with stop loss at 3.85. Idea has strong resistance at 6 & 7.50. Maintain a position sizing of 1unit/Rs80
IDEA