Double Top Reversal – Bearish

Double Top reversal – bearish

stock name : Coal India limited

Conditions for double top are,

1. Two equivalent top – identified –  please refer the Point A and B in the attached chart

2. Volume at Point B or C should be high – satisfied – check the volume at point B in the attached chart

3. duration between A and B should be 20 days – satisfied – its one month

4. short position can be considered below previous low –  done – check the trade plan