Sun Pharma: Little clarity awaited
Aggiornato
Looks beautifully bearish in weekly making lower highs. It was at an important weekly level in last two weeks. The red candle rejected the level as well as 50 EMA, giving me a negative bias.
On 8th, Trendline was mildly broken with a big engulfing candle and today, it was clearly broken, though with a green 50EMA rejection which a cause of concern. Let's wait for tomorrow to see a clear direction.
We can look to short for intraday aggressively once 75 min or 15 min gives additional confirmations.
On 8th, Trendline was mildly broken with a big engulfing candle and today, it was clearly broken, though with a green 50EMA rejection which a cause of concern. Let's wait for tomorrow to see a clear direction.
We can look to short for intraday aggressively once 75 min or 15 min gives additional confirmations.
Trade attivo
Can enter short now based on 75 min TF due to EMA crossover and EMA rejection. It would be an aggressive one.Trade chiuso: stop raggiunto
Chartered Accountant | Trader | Trainer
| afzallokhandwala.com
| afzallokhandwala.com
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