Dark cloud cover at the top with a good volume. Short at 168.9 with a stop loss at 263.2 gives a risk of 94 for a target at 74. Let’s watch out for confirmation tomorrow.
, , PCJEWELLER
, , PCJEWELLER
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Dilil Suresh,
I am not very sure about the effect of dark cloud cover candle as the candle has good amount of lower tail, which indicates buying pressure. Ideally there should not be any lower shadow or very minimal lower shadow.
The uptrend has just started. Let us wait and watch.
Thanks and regards,
Dr. Bhushan.