Short
SHORT IBULHSGFIN
Go Short on NSE:IBULHSGFIN as MACD is forming a Curve and is about to give a crossover
Also, Weekly Charts are showing a higher possibility of a breakdown
And Parabolic SAR has also turned Bearish
RSI has fallen from overbought region to 50 zones which shows that it still can go till oversold zone
Few Days before a Bearish Candle's Body Engulfed its prior Candle's body which is not a complete Bearish Engulfing candle but it shows the high sentiment of Bears
Bollinger Band is Contracting but that Contraction is a little bit slower so the fall would be profitable if caught properly.
Happy Trading......
Also, Weekly Charts are showing a higher possibility of a breakdown
And Parabolic SAR has also turned Bearish
RSI has fallen from overbought region to 50 zones which shows that it still can go till oversold zone
Few Days before a Bearish Candle's Body Engulfed its prior Candle's body which is not a complete Bearish Engulfing candle but it shows the high sentiment of Bears
Bollinger Band is Contracting but that Contraction is a little bit slower so the fall would be profitable if caught properly.
Happy Trading......
Trade active
SL AT RS 270TARGET AT RS 260
NET PROFIT 2.75
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.