My Technical Analysis Diary. . . . .Invest in stocks only after you have done your own Risk Management
Showing posts with label double top. Show all posts
Showing posts with label double top. Show all posts
ITC reversal with multiple tops.
Neyvelli Lignite double top at 68
Neyvelli lignite is not showing much improvement in the On Balance Volume. While It has made the double tops at the 68 level as can be clearly seen from the attached chart. Further up move might be only confirmed after we see breaking of 68 level.
I was having position in this stock hence was monitoring it. Now I have squared off the position after looking at this picture.

I was having position in this stock hence was monitoring it. Now I have squared off the position after looking at this picture.
Reliance migh be doing double top
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