Trade Setup
1) Piramal Enterprises had formed a double bottom in daily chart.
2) However, it failed to cross the neckline and instead seems to have formed a double top.
3) Also, an almost shooting star pattern has been formed followed by a bearish engulfing pattern.
All above factors signal for it go to its resistance levels @ 2030-2010.
1) Piramal Enterprises had formed a double bottom in daily chart.
2) However, it failed to cross the neckline and instead seems to have formed a double top.
3) Also, an almost shooting star pattern has been formed followed by a bearish engulfing pattern.
All above factors signal for it go to its resistance levels @ 2030-2010.