Ashokley Numerous Bearish signs!!!!

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!!!!

Transaction en cours

Commentaire:

Going good!!!

Transaction en cours

Commentaire:

Good movement....with successive lows getting tested!!!

Commentaire:

Nearing our target level!!!!

Commentaire:

1st target done!!!

Commentaire:

Good followup candles!!!1

Commentaire:

Descending channel support line nearby!!!!

Transaction en cours

Commentaire:

Commentaire:

Commentaire:

bright red line forms the new pattern...seem to be respecting it!!!

Commentaire:

still our levels intact!!!

Commentaire:

let's see whether its breaking out of it or not!!!

Commentaire:

still respecting the level