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Double top witnessed in Amararaja batteries

Below are the conditions looked for to confirm double top:

  1. Duration for double top “A” and “B” formation is more than a month
  2. Volume is high at the neckline “C”

3.  Short position is considered

Double top:

Resistance: 795

Support    : 684

Entry price: sell below 684

Stop Loss  : 795

Target      : 573

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