Waiting for another Short Trade in Cipla.According to the chart structure the trend is negative.
Today we have an inverted Hammer type candle, the price is rejected from the resistance zone.
Personally I am waiting for a short trade the reason is that on the bigger time frames the correction is pending.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Tracking
possible reversal in DOW (DJI)We can see a reversal in the DJI:index as of today MARKET HARDLY MANAGED TO BEAT THE RED CLOSING Major market benchmarks mostly drifted sideways on low volume Monday, with investors looking forward to trade talks at the G-20 meeting later this week.
We can see a possible revarsal as of chart is indiating the reversal from the current level 70-50+pts up normal thing we cant consdier the same number of levels for the reversal as we need a small movement tot trace the next track of markets trend
tune in on tuesday
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