L & T FIN is about to show a correction if its immediate pivot level of 112.54 is not sustained will I believe won't be sustained
The MACD is also moving downwards and forming a curve which shows a crossover may happen soon
A day before the Bearish Engulfing pattern was formed which shows Bears are highly confident
RSI is also in Overbought region
All of these factors are in favour of our analysis so I am Highly Bearish for this trade.
Happy Trading........
The MACD is also moving downwards and forming a curve which shows a crossover may happen soon
A day before the Bearish Engulfing pattern was formed which shows Bears are highly confident
RSI is also in Overbought region
All of these factors are in favour of our analysis so I am Highly Bearish for this trade.
Happy Trading........
Trade closed manually:
SQUARE WITH A LOSS OF RS 1.25