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DOUBLE TOP
POSITION – SHORT
STOCK ITC
In short position first we need to sell the stock and than we buy the stock. so first we sell the stock at the Point B – 266.50 and than we buy the stock below the point B – 248.
Point A and B there is a duration of more than 60 days. and there is a high volume at Point B.
Risk is (266.50 – 248) = 18.50
Target is (248 – 18.50) = 229.50
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