There was a double top formation in CEATLTD as it fullfills the conditions like the duration between the tops with 20 days and higher volume in point B.

So I can consider this as a double top and was able to make a trade plan. 

Entry = 1830 (The point C)

Stop loss = 1907 (The point B, the second top)

Target = 1753

( Target = Entry – height = 1830 – (1907-180) =1830 -7 7 = 1753 )

As it is a past analysis, I can confirm that the target price is achieved. 

1 Comment
  1. Author
    HemSundar 5 years ago

    HOW TO IDENTIFY THE DURATION OF THE TARGET?

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