The stock has shown a classic double top pattern and a trendline break.
Previously there's a huge buying interest being shown in the stock, so be careful before shorting it straightaway, might prove to be a pullback.
I have drawn blue lines which are important levels according to me.
See how price reacts on reaching those levels and build positions accordingly.
Sharing if it helps :)
Previously there's a huge buying interest being shown in the stock, so be careful before shorting it straightaway, might prove to be a pullback.
I have drawn blue lines which are important levels according to me.
See how price reacts on reaching those levels and build positions accordingly.
Sharing if it helps :)
Not
Good to see how perfectly it has been playing out till now.Not
As suggested in comments yesterday, "structure indicates that it has much larger probability of going downwards. " It did. Structure is very important.
Not
Structure weak. Dont make long positions.Not
Very choppy. Uninteresting to make any position.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.