Larsen & Toubro:
A double Top breakdown on the cards
Longterm bearish pattern/base.
The 2nd top has another godfather bearish reversal pattern the H&S.
Double Top breakdown hasn't materialized yet.
The neckline is a strong support in the form of a GAP (marked).
Selling Volumes confirms distribution.
Caution warranted.
Sonata Software:
Often times when we lack sell rule,
It gets difficult to take a loss.
The breakdown of the H&S was a technical sell signal.
If you couldn't sell there, the thought would probably be, "aur kitna hi necche jayega".
Meaning, how low could it go?
Bro, it can go lower.
If you failed to sell there, then you should have definitely sold on the Gap down on results on Huge Volumes.
If you couldn't. Then you may become a forced LT investor.
"have a sell rule".
Markets are Cyclical.
Just like everything else.
@xtracts4life Amma was the same 25 years ago at the Express. I saw the light before others and fled. No regrets. retired early and at peace with myself. Media owners want such Ammas who squeeze the life out of the foot soldiers.
I have scanned majority stocks which are in uptrend. Many names looking breakout candidates for coming session.
A thread🧵 on upcoming breakout stocks.
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@iramyram @icanseeyourpix2 @VCPSwing