UPL was traded in a ascending channel and broke out of channel support and printed doji & bearish candle last week..
It seems to be like formation of right shoulder in H&S pattern (shown in chart)
Carried over 65% delivery on Fridays session.
1. Go short , If opens gap down and breaks the neckline of H&S pattern for a target of 720-710 zones
2. On a contrary, by any chance if it opens & traded above (only above) friday high, then go long..
It seems to be like formation of right shoulder in H&S pattern (shown in chart)
Carried over 65% delivery on Fridays session.
1. Go short , If opens gap down and breaks the neckline of H&S pattern for a target of 720-710 zones
2. On a contrary, by any chance if it opens & traded above (only above) friday high, then go long..
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