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veensh
Jun 11, 2020 6:52 AM

NMDC , Daily Analysis  Short

NMDC LTDNSE

Description

Evening Star Pattern On Top , With A HIGH Volume Shows Buyers Are Not Willing to Buy At Higher Levels , Nest Candle Down , With A Low Volume Indicating Buyer Strength Are Getting Excused .

On 75 Min We GET RSI Divergence But In Daily Divergence Are Yet To Show ,

1st Case :- Price Can Came Down Hold Near About 85 Zone Then Can Touch lower Trend-line Or If It Get Demand From 83-86 Levels It Can Make One More High And Enter In Supply Zone . there we can check For Daily Divergence And Shorting Opportunity .

As Down Volumes Are Really Low So I While Coming Down From Upper Levels , Now We Have to Check Levels Of 83-86 And Observe Price Action There .

Happy Trading .

Trade closed: target reached

1st target Achieved
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