What is Happening?
In previous 3 days,
We have encountered these two Signs of Weakness in the market.
1. A No - demand situation, where price spread decreases with the decrease in volume
2. A Thrust based test of the level 15250
Sell on low of next the red bar
which happens below 15240
and Target 15085
This post is for an educational...
ON DAILY CHART,FORMED A FLAG PATTERN
PRICE IS GOING DOWN ON DECLINING VOLUME.BEARISH CANDLES HAVE SOME VOLUMES THAN BULLISH CANDLES
PRICE IS ALSO CURRENTLY TAKING SUPPORT ON TREND LINE
NOT CLEAR WHETHER PRICE WILL MOVE HIGHER OR NOT COZ OF VOLUME ACTIVITY INSITE FLAG PATTERN
IF INCASE PRICE BREAKS 872.5 ON EXPANDING VOLUME ,THEN BULLISH...