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  • #19793
    usha muthukumar
    Participant
    Rank: Level 5

    Technical Indicators are used to findout the current market trend.

    Here in this chart,the price values are getting repelled from Average..

    RSI also reaches the value 70 which indicates “its overbought” ..

    So now its time to create short position below 207..

    price pattern=Bearish Engulfing

    volume=high

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