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!!!!

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Going good!!!

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

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Nearing our target level!!!!

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1st target done!!!

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Good followup candles!!!1

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Descending channel support line nearby!!!!

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

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still our levels intact!!!

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

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still respecting the level