Double top conditions:
1) Volume has to be high at point B(which it is) and also have to check the volume when the
Previous Bottom Level is broken and the point might be called C
2) The two tops are equivalent and this indicates there is a strong seller presence there
3) We can short once the previous bottom level is broken
4) Gap between both the tops are approximately 4 months
which passes the criteria for minimum 20 days
Top 1 Level: Rs. 77.1 Top 2 Level: Rs. 76.1
Can short when the price crosses Rs. 51.5 mark
Hi,
Currently, the stock is consolidating near the neckline, let’s see how it’s gonna work.
Thank you, I have been following it for quite some time now. Let’s follow it further