NMDC-Bearish below 94 SL99.70 – EQSIS PRO

Tagged: Dow Theory, NMDC-Bearish

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

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August 19, 2015 at 12:01 PM #6300

santhoshkumar
Participant

Rank: Level 6

Forming lower top and lower bottom scenario.

Trade plan: Symbol: NMDC-Direction-Short below 94 SL 99.70 Target 88

August 19, 2015 at 8:18 PM #6376

EQSIS
Keymaster

As per the attached charts, this currently falling and yet to form a bottom, Hence its to early to quality 94 as demand zone.

Reason: The Bounce Back from 94 Zone is not significant enough to qualify this as bottom
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