Sell at 717-723 range with stop loss above 736 for target 675-650
Rajesh Export has been posting lower high & lower lows from last 3 days which means bulls have lost strength to push market above previosu day's high. Today's big red candle (close near day's low) after 2 doji candles is highly bearish which is supported by reversal from +2 SD of 20 day BB. RSI has crossed below 70 with MA cross over. CCI has crossed to the downside with MA crossover. Today's red candle has covered more than 50% body of 4 day's old green candle which is highly bearish.
Rajesh Export has been posting lower high & lower lows from last 3 days which means bulls have lost strength to push market above previosu day's high. Today's big red candle (close near day's low) after 2 doji candles is highly bearish which is supported by reversal from +2 SD of 20 day BB. RSI has crossed below 70 with MA cross over. CCI has crossed to the downside with MA crossover. Today's red candle has covered more than 50% body of 4 day's old green candle which is highly bearish.
Trade active:
2 inside day candles means both buyer and seller have become clueless to the next trend. We'll now below 705 (15min trading) with stop loss above 720 for target 675-650. Or buy only on close above 745 with SL below 717 for big upward move.