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Trend reversal patter observed for Cadila healthcare on 16 aug 2018.
The trend was Bearish before one month and reached bottom value of 343 twice with volume surge during the second time.
After crossing the neck value of 382 , the trend was observed to be Bullish ( reversal).
long position taken at 382
Stop loss at 343
Target at 421
| M | T | W | T | F | S | S |
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| 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,
Your observation is good sir …. Thanks for posting your views