Stock chosen – MAHABANK
According to price pattern theory, I have witnessed equivalent double top pattern with point A at the range of 37.1 on 21/2/2017 and with point B at the range of 38.0 on 2/5/2017, where I also witnessed high volume at the second top and the duration was more than one month, thus conforms a double top. So I created short position at point C at the range of 32.3 and made a stop loss at according to point B at the range of 38.0 and according stop loss I have made a target of 32.3 and thus made a profit of 5.7 per share.
