Ashokley Numerous Bearish signs!!!!
Zaktualizowano
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!!!!
Zlecenie aktywne
Uwaga
Going good!!!Zlecenie aktywne
Uwaga
Good movement....with successive lows getting tested!!!Uwaga
Nearing our target level!!!!Uwaga
1st target done!!!Uwaga
Good followup candles!!!1Uwaga
Descending channel support line nearby!!!!Zlecenie aktywne
Uwaga
Uwaga
Uwaga
bright red line forms the new pattern...seem to be respecting it!!!Uwaga
still our levels intact!!!Uwaga
let's see whether its breaking out of it or not!!!
Uwaga
still respecting the level
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