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Identified two peaks
Checked the time period between them
Checked the volume at the peaks and at the point where the new low surpasses the previous low
Found all the conditions for a double top to be fulfilled
Entry Rs 485
Target Rs 527
Stop loss Rs 443
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | |||||
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Hi,
Good attempt sir….. The double top pattern works very well when it actually appeared at the end of an uptrend.
Thank you sir. I’ll try once again.