Lets ride on this.. sell around 720-25, with sl 727.... target - 710 / 702
Reason to expecting down side
1) RSI not Going with price ... its down... 2) candle stick you can see there doji, hammer and Last one ENGULFING 3) MACD crossing the average 4) Fibonacci retracement 38% is 695 and 50% is 680
It is giving us chance to get entry in short.. so lets enjoy it.
Trade closed: stop reached
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nothing has worked
Comments
Ash_gupta
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What volume 1 can u pls tell.?
ashokakbari
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@Ash_gupta, It is a book vol1 means 1st edition of steve Nison's book "candlestick Charting techniques".
ashokakbari
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@AbhishekHSinghCMT , I have finished Vol1, I am trying to using multiple techniques with candle stick, Let me know your opinion about this study.
WaveTalks
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@ashokakbari, That is always nice to confirm with multiple techniques, but some experience always helps later but don't get lost with too many indicators as someone said- if exceed too much - don't end up doing "Paralysis of Analysis"