SHORTING OPPORTUNITY ON VOLTAS FOR JUNE 8 2020
Price rejected two times at a KEY RESISTANCE LEVEL that is respected since March. the chart is likely to form a double top pattern as you can see a rejection on price trying to break the KEY RESISTANCE LEVEL at 581rs.
If the price is rejected, when the market is opened, it seems like a good entry for shorting.
else if the price breakout of the key level with very good volume, you can go Long with your stop loss below the KEY RESISTANCE LEVEL.
If the price is rejected, when the market is opened, it seems like a good entry for shorting.
else if the price breakout of the key level with very good volume, you can go Long with your stop loss below the KEY RESISTANCE LEVEL.
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