Double top observed in MRF ltd during April 2018 to Aug 2018. Volume is high at key points. Look at high volume during formation of first top, bottom and during breakdown stage from second top.
, , Double Bottom
, , Double Bottom
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Hi,
Good analysis…… Kindly mention your trade plan in the description box.
I thought, we just need to identify the pattern.
Will mention trade plan going forward.
In this case, it is a short sell on breakdown from the neckline, which is not drawn in the chart.
Stop loss is at the high during the minor rally.
target is the distance between the neckline and the peak.
Review and confirm if it is right.