EQSIS PRO

Double Top Witnessed at Bhel

Double top conditions:

1) Volume has to be high at point B(which it is) and also have to check the volume when the

Previous Bottom Level is broken and the point might be called C

2) The two tops are equivalent and this indicates there is a strong seller presence there

3) We can short once the previous bottom level is broken

4) Gap between both the tops are approximately 4 months

which passes the criteria for minimum 20 days

Top 1 Level: Rs. 77.1   Top 2 Level: Rs. 76.1

Can short when the price crosses Rs. 51.5 mark 

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