Formation of such neutral candle stick patterns near 38% level and major resistances shows from this level trend reversal may be possible.
So please be careful for long positions. This post is for study purpose. Please share your views on the same.
bro. actually icant predict as accurate as you,
but i can tip some reasons for down...
1. Foreign market SGX AND NASDAQ is down closed, so I can say this will give effect to us too a wave started so we are on the wave.
2. The oil market is down because most of the countries and a big part of industries running on it, this down means so all indutries will go down too. due to a circle.
3. Increaseing corona infacted numbering increasing in india, so lockdown will go long. so other downward too.
4. everything/market is weak already so chances are more for weaker instead of going stronger, because not a single news for strongness.
if im correct then. its great to work with you.