MAHANAGAR GAS At S/R zone.
Mahanagar gas is at S/R zone and has formed a powerful candle.
Candle body is big, but higher wick sis very big.
Candle ended on red note.
One can short below day's low.
Long above previous day's high.
NSE:SBIN is coming down from 280 which is its weekly resistance and closed below its daily support of 260 ......looks like it will come down to 240 which is its monthly support.....will will look to short next week.
NSE:ONGC has printed a bearish pinbar around its resistance of 175 and also 50DEMA crossed 200DEMA
so double confirmation that price is likely to so south...
Trade with strict stoploss of 180..... i will look to short in future tmorrow and will update here