Ashokley Numerous Bearish signs!!!!
تم تحديثه
Chart Patterns look good for a short trade
REASONS
1. In Weekly timeframe, Ashokleyland broke out of the Ascending channel on sep 2022 & Right now it formed a Bearish Pennant pattern and Gave breakdown for that too!!!(SHOWN BELOW)
2. In daily time frame, it is moving alike Inverted cup& Handle pattern(shown below)
3. In 2hr timeframe, it is trading inside a DESCENDING CHANNEL and also there is Bearish pole pennant pattern seen.
4. There is an UNFILLED GAP ZONE (127- 125 RANGE)(Gaps often gets filled)
5. Target(dashed bright green lines) & Sl(dashed red line) levels mentioned @ chart
6. Gap zone(green rectangle ) can acts as good support!!
Just be fixed with the SL level.
Let's wait and watch how it moves!!!
NOTE- Just sharing my view....not a tip nor advice!!!!
REASONS
1. In Weekly timeframe, Ashokleyland broke out of the Ascending channel on sep 2022 & Right now it formed a Bearish Pennant pattern and Gave breakdown for that too!!!(SHOWN BELOW)
2. In daily time frame, it is moving alike Inverted cup& Handle pattern(shown below)
3. In 2hr timeframe, it is trading inside a DESCENDING CHANNEL and also there is Bearish pole pennant pattern seen.
4. There is an UNFILLED GAP ZONE (127- 125 RANGE)(Gaps often gets filled)
5. Target(dashed bright green lines) & Sl(dashed red line) levels mentioned @ chart
6. Gap zone(green rectangle ) can acts as good support!!
Just be fixed with the SL level.
Let's wait and watch how it moves!!!
NOTE- Just sharing my view....not a tip nor advice!!!!
تم فتح الصفقة
ملاحظة
Going good!!!تم فتح الصفقة
ملاحظة
Good movement....with successive lows getting tested!!!ملاحظة
Nearing our target level!!!!ملاحظة
1st target done!!!ملاحظة
Good followup candles!!!1ملاحظة
Descending channel support line nearby!!!!تم فتح الصفقة
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bright red line forms the new pattern...seem to be respecting it!!!ملاحظة
still our levels intact!!!ملاحظة
let's see whether its breaking out of it or not!!!
ملاحظة
still respecting the level
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