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