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The price action just filled the previous gap down space and now indicating weakness due to long upper wick. The last candlestick that had long upper wick also known as Gravestone Doji , a trend reversal pattern, that suggests rejection of higher prices. It is wise to short at current levels with stoploss.
Target 1: 309
Target 2: 301
Stoploss: 332
Target 1: 309
Target 2: 301
Stoploss: 332
Trade active:
Increase positions, it shall reach to 309 levels in 2-3 days.
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leewongavatar
Since market is reversed, Should I hold this position?
+1
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NeeteshJain
leewongavatar
Yes, just maintain the stoploss and continue holding it to achieve target 1
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