Monthly gives a mixed view with green candles and minor resistance rejections.
Weekly:- Doji formed at Monthly Resistance, price losing steam, showcasing negative bias.
In daily, there is a nominal bearish divergence in RSI as well as red candle rejection of monthly resistance. Now, awaiting a TL break to further confirm this bearishness and go short with SL of 3420 and target of 2847.
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The breach of TL is not so convincing. Looking for a clear break today.
Trade active
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Britannia results gave it a gap up. I don't consider results in my analysis. Hence, I'm not creating a bearish option strategy. 1. Bought 3300 PE at 93.4 2. Sold 3150 PE at 34.7
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Typing error, "I'm CREATING a bearish..."
Trade closed manually
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Exited with max gains on expiry. twitter.com/afzal_57