- Sesagoa Ltd is falling from a weekly head and shoulders pattern.
- Daily chart is showing a triangle pattern.
- So if the weekly pattern is going to work perfectly the triangle should beak on the downside.
- One can go short once 311 is taken out for a minimum target or 303.
- If 303 is broken the stock will target 290 levels.
- But for now play for the minimum target once 311 breaks. Keep a stop loss of 332 for this trade
Actually pattern plays out but only problem is timing. Sometimes it takes lot of time for pattern to break.
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