There was a double top formation in CEATLTD as it fullfills the conditions like the duration between the tops with 20 days and higher volume in point B.
So I can consider this as a double top and was able to make a trade plan.
Entry = 1830 (The point C)
Stop loss = 1907 (The point B, the second top)
Target = 1753
( Target = Entry – height = 1830 – (1907-180) =1830 -7 7 = 1753 )
As it is a past analysis, I can confirm that the target price is achieved.
HOW TO IDENTIFY THE DURATION OF THE TARGET?