LT-ENGULF-RSI-Entry@1817-SL1893-Target1657 – EQSIS PRO

Tagged: LT-ENGULF-RSI-Entry@1817-SL1893-Target1657

This topic has 1 reply, 2 voices, and was last updated 8 years, 7 months ago by EQSIS.

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September 25, 2015 at 7:44 PM #10376

gorantla.vinod
Participant

Rank: Level 4

LT stock formed Engulfing pattern with strong volume with recent price rally

RSI also confirmed the level 70 which indicates the stock is being overvalued price.

Trade plan: LT – Engulfing pattern – bearish – short position can be considered – RSI

Entry@ 1817, Stop Loss@1893, Target@1657

September 25, 2015 at 9:16 PM #10380

EQSIS
Keymaster

Good spot,, This is the way to use Indicators….

RSI to indicate Overbought, Bearish Engulfing to indicate weakness…
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