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iitiantradingsage
18 wrz 2021 13:11

Double top formation in UPL and rejection from neckline Short

NSE:UPL
UPL LTDNSE

Opis

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UPL seems to have formed double top pattern and now it has come to retracement level of neckline after breakout and then giving clear rejection for the upside move.
Also, we are seeing a clear reversal in the uptrend in the daily timeframe. so possibly can test previous swing high of 650


Zlecenie aktywne

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Komentarz

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Price moving as expected!

Transakcja zamknięta: osiągnięto wyznaczony cel

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Target 1 is achieved.

Transakcja zakończona: osiągnięto poziom stop

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Double Top or BottomTrend AnalysisSupply and Demanduplshortdoubletoppatterndoubletopreversalbearishtrendbearishpatterns
Komentarze
anilgadwal14661
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check the weekly timeframe, its bullish
iitiantradingsage
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@anilgadwal14661, I understand your view but it need to come to prev swing high before following your weekly trend
anilgadwal14661
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@tradeswithashish, Isn't the previous swing high around 700? and it kinda already tested it and has sort of formed a pin bar weekly candle
iitiantradingsage
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@anilgadwal14661, trend has changed. will come to my target then can possibly reverse
iitiantradingsage
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@anilgadwal14661, Now see
hetanshibharvad
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I have loss in upl 800ce
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