Exideind ( Possibility of Bearish H/S pattern)

NSE EXIDEIND EQ_Daily_1Year

 

After a steep fall, price tried to stabilize and moved closer to its resistance at 168 levels and fell till 146 after confirming its top with a Shooting star pattern. Currently, price is forming a right shoulder ,which is confirmed by the dark cloud cover . We advise to short with a SL above right shoulder at 159 levels below targets till 146-140 levels.