The resistance of 1.33914 seems invincible for the bulls, holding it down for a month.
The pair has now formed a double top pattern at the resistance and broke the critical support of 1.33668 too.
The breakout of the support also yielded a follow through in the RSI indicator, which also formed a double top pattern.
Now, the pair is being resisted by the broken...
The counter is brimming with bearish signals technically.
In the price action front, the pair has formed a double top pattern and broke its critical support of 146.327 as well.
A bearish trend line drawn from the highs is also pushing the price downwards.
In the indicator front, the RSI has formed a head and shoulder pattern in the hourly chart. The neckline of...
The double top pattern in the 30-min chart indicates the end of bull trend in the short term charts.
The pair has also broke the critical support level of 0.67762.
Hence we expect the pair to trade with bearish bias in the near-term.
1)Double Top Formation
2)Bearish Butterfly pattern
3)Bollinger Band resistance
As shown in chart whenever stock break 2200 level it rapidly moves down and Simple moving average acts as support.
So it can move down up to 2140/2100/2040....
Magical level 10800 was the level identified on 23rd Jan 2019 as per status update - took a risky call in between 10840 - 10850 with strict stoploss -10865
If you are trading -you will lose -no doubt but If you are trading & don't know what you are trading - you will lose all!
Wait for some correction if index opens with...