CHANCES OF BEARISH REVERSAL (Multiple Tops)

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1.Long Term 33 months Resistance observed at 1722
2. Very High Volume Candle formed on 15 Sep 23 & 15 Dec 23 between 1670 & 1650 Levels.
3. Reverse Divergence is observed as Price is making Lower High & MACD is making Higher Highs (Can be Double Top).

In Case of Breakdown of High Volume Candle below 1650 , there are chances of stock to be bearish.
Targets
1. Un filled Gaps has been observed @ 1610, 1570, 1410
2. Double Top Target can be 1460
3. A trend line can also act as support
4. Low of Inside Mother Candle on 3 Month Chart can also act as Major support @ 1515

In case of Break down of 1650 Level the Major Targets can be 1610 , 1570, 1515, 1460

STOP LOSS : 1660 (CENTER OF HIGH VOL. CANDLE)

R/r RATIO : 2.6:1 , 6:1, 10:1, 13.8:1 respectively