CAIRN – Opportunity to sell?

[Venki]

The price is now at the resistance zone and the current candle qualifies as an inverted hanging man.

Also, the price has been making lower lows. Hence the situation looks good to go short with an expectation for the price to fall.

 

[EQSIS]

The bearish stance is stronger in the HANGING MAN only if the BODY color is RED in color…

[Venki]

A follow up on CAIRN. Price went down briefly.

[EQSIS]

Its Nice to see the price went down, But i recommend to focus more on logic while selecting the stock, because this will give confidence as we move forward..

[Venki]

Sure Sir.

[Author]

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