SHORT RECLTD, this trade has a very high probability as its showing signs of a perfect bearish trend
Weekly charts are showing Downmove
MACD has already crossed and momentum is high.
A possible breakdown is expected as it's below its 20 SMA
RSI is near 35 region which shows a correction may take place placing it in Oversold Zone
The immediate Bearish Candle has almost Engulfed its previous two bullish candles which shows Bears are highly confident.
200 DEMA is about to cross 100 DEMA and signal a high Bearish Move.
This trade has very high chances of hitting its target as most of the indicators are in favor.
Happy Trading...........
Weekly charts are showing Downmove
MACD has already crossed and momentum is high.
A possible breakdown is expected as it's below its 20 SMA
RSI is near 35 region which shows a correction may take place placing it in Oversold Zone
The immediate Bearish Candle has almost Engulfed its previous two bullish candles which shows Bears are highly confident.
200 DEMA is about to cross 100 DEMA and signal a high Bearish Move.
This trade has very high chances of hitting its target as most of the indicators are in favor.
Happy Trading...........
Trade closed manually:
SQUARE OFF WITH A LOSS OF RS 0.4