MCXBULLDEX is currently trading at 17350 which is a long term resistance zone (17300-17700) for it. I'm expecting a profit booking in MCXBULLDEX from these level. I'm creating short positions at CMP 17350 & will be adding more short positions if 17650-17700 comes & Hold with 18000 as SL. I'm expecting minimum 1000 point fall from here & expecting 16400-16200...
above dotted trend line - BUY, below straight line - sell, BUT NO TRADING ZONE BETWEEN - 13991 TO 13475
Interesting observation is seen on Charts Classical Bullish Flag patter formation is seen on charts Fibo levels also perfectly reversing
It is making lower low- classical dow theory. It can be also shorted
Mcx Bulldex Failed to break major resistance! Possible down side upto 14750 Sl and Target explaine in the chart Trade with your own risk Happy trading to all