Jindalstel forming double top. Trend line proves its bullish. If crossed Above 195, it can go upto 209.6 as ease as per Fib retracement.
Entry level: 195
Targets: 206, 226
Stop loss: 189
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Jindalstel forming double top. Trend line proves its bullish. If crossed Above 195, it can go upto 209.6 as ease as per Fib retracement.
Entry level: 195
Targets: 206, 226
Stop loss: 189
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Hi,
The double top has two same highs Or it looks like an “M” shape. Since the stock is unable to make a higher high, this tells us that the bulls are getting tired. The bears may be coming in to drag the stock lower.
please find the attached screenshot for your reference.