With major trend lines already broken in dow jones breaking of a daily candle low can cause significant downfall in dow jones
It can also enter the scenario of sell at rise after it breaks the daily low
Stay cautious with the longs
After break out from 14900 level, the rally ends at 15900 with 1000pts move close to 6% not sufficient for impulse wave with the respect to previous leg of rally
who are holding short position should book at 15600 nifty will be in rangebound 15450-15800 in next week. from time cycle analysis after july5 break out or break down should happen most probably break...
The chart is quite self Explanatory.
If the stock sustains below 500 levels, the chances are high that that stock is heading towards 472- 470 levels.
Stop can be placed at 505-507 levels.
Trade type : Swing
Risk Reward 1:3
Risk : Moderate to Low
Do your research because your are Trading at your own risk.
CAC40 opened With massive Gapdown trapping all the bulls at higher level
This must have forced the small leveraged Trader to exit Their Position at the lower rates forcing the index downwards.
Index can Face Heavy Selling Pressure from tops
All the trapped brave Traders who didn't exit their position in today's fall will be waiting for their prices on the...