This is a line chart of more than two years.  The overall trend looks bearish.  The Lower Tops and Lower Bottoms when connected forms a bearish trend.  The entry level is the low of the previous low as depicted in the support level.  The stop level is the level as per the previous high.  The difference between the entry level and stop level is the risk taken.  So my target covers the risk taken.  My entry level is Rs 707.50, stop loss level is Rs 773.10 and Target is Rs 640.  

  1. Maruti Patil 2 years ago

    nice charting and discription..

  2. Author
    Radhakrishna Hebbar 2 years ago

    Thank you.

  3. Naresh 2 years ago

    Put your stop loss slightly above the previous resistance level (HT).

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