Go Short on
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......
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......
Trade active:
SL AT RS 270
TARGET AT RS 260
NET PROFIT 2.75
TARGET AT RS 260
NET PROFIT 2.75