PRICE TOUCHED IT'S LONG TERM TREND LINE NOW WE HAVE TO SEE PRICE ACTION IF PRICE TAKEN SUPPORT AND REVERSE FROM THERE THEN WE TAKE LONG POSITION AND IF PRICE GO BELOW ITS TREND LINE THEN WE ARE GOING TO TAKE SHORT POSITION.
HIT LIKE IF YOU AGREE WITH MY PLAN AND YEAH FOLLOW ME FOR MORE UPDATES AND IDEAS.
TRADE WITH CARE
REGARDS
KING999
Hello we have nice long trade setup in dis stocks.currently stock is in downtrend but at the same time as per RSI there is bullish diversion so its good to take long position here. entry stop loss and targets given on chart.
TRADE WITH CARE
REGARDS
KING999
Three big reasons on my personal views
1. Bearish Sandwich candlestick pattern
2. RSI Divergence
3. Long Term Bearish Trend Structure Formation on weekly chart
After a long upward move, now profit booking can be seen and weakness in the price action. It is a good time to short this stock due to strong confirmation of the below mentioned points,
1. Doji candlestick at previous resistance shows weakness
2. AO Over bought area
3. Bearish Cypher Pattern
