Tech Mahindra Bearish below 692, Double Top, Stop Loss – 729, Target – 655

[Soundharya Gnana]

For this stock, double top sequence can be observed and the price falls below the lowest point of the second top with high volume.

So, bearish trend is expected to follow and hence, short position can be considered here.

Entry – 692

Stop Loss – 729

Risk – (729 – 692) = 37

Target – 692 – 27 = 655

Trade plan :  TECHM / SHORT/ ENTRY – 692 /STOP LOSS – 729 /TARGET – 655

[Author]

Posts