The Equivalet Double tops with more than 20 days interval between each top was identified and marked as T1 and T2 respectively. After the double top pattern confirmed, The Entry point (short Position) was identified at the cross over point of the previous low, which is marked as Point A (482.8), The stoploss is set at Point B (543.4) which is the high of the second top. The Target (Short Covering) is set at point C (422.2), which is (A – Risk Taken). The High volume at the cross over day is taken as volume confirmation before taking a short position. The target was reached with in a week’s time.
BHARTIARTL – DOUBLETOP BEARISH
