Exit rally in this counter
Updated
Fib - The stock halted today at fib confluence at 3800. That the circuit did not sustain for the entire day means we can see this zone holding.
Candlestick- Thats definitely a bear candle and an early indication of a change in trend.
Volume- stock falling with volume is negative.
RSI- break of the bull support at 40 is negative.
Extreme indication - this has gone deep down indicating a halt .
Conclusion- a rally looks likely if this zone is held. But all the other indicators are telling me that one should exit this counter on the rally. I think till results we will witness some rally.
Candlestick- Thats definitely a bear candle and an early indication of a change in trend.
Volume- stock falling with volume is negative.
RSI- break of the bull support at 40 is negative.
Extreme indication - this has gone deep down indicating a halt .
Conclusion- a rally looks likely if this zone is held. But all the other indicators are telling me that one should exit this counter on the rally. I think till results we will witness some rally.
Note
The three exit points are 4400, 4600,4800. watch the stock around these zones to take a call.
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