SEARL short term analysis 14th December 2023

Short sell on spike below 60 with strict stop loss of 63 and profit target at 55 with extension towards 53.
TECH NOTE: SEARL gave bearish breakout of its ascending wedge on hourly chart after facing rejection from 61.8% correction of its last bearish rally. Meanwhile momentum indicators had entered bearish zone.
* (Spike means on price increase not at current price)