Today it formed bearish engulfing pattern .
RSI and MACD sign also bearish . Voleme is higher than normal.
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Today it formed bearish engulfing pattern .
RSI and MACD sign also bearish . Voleme is higher than normal.
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Sir the existing trend is already negative, hence it is not reversal in nature..
@eqsis
Mr.Murugan, as the trend is negative,there is a chance for short position.
I think Mr.Karthik is correct.I differ with him in the price values only.
pls,explain Murugan.
@anitharamesh
I differ with karthick because the recent trend is already negative, hence another bearish indication (engulfing) is treated as continuous rather reversal..