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Can it Break through 5 Point Resistances?
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NSE:RELCAPITAL 1.55% Has been trending Downwards and had took the pull back for such an impulse move forming a bearish Flag ...now looking at those level where it pulled back their MUST need HUGE..HUGE Buying Power to Cross These 5 Resistances:
1. 20 EMA
2. 50 EMA
3. Trendlines
4. 38.2 Fib level
5. Formal Resistance
IF it Find Resistance Near those levels We can Short for Target at 575, 565, 552. But, If it Crosses with strong Impulse Better Stay away :)
1. 20 EMA
2. 50 EMA
3. Trendlines
4. 38.2 Fib level
5. Formal Resistance
IF it Find Resistance Near those levels We can Short for Target at 575, 565, 552. But, If it Crosses with strong Impulse Better Stay away :)
Nota
Note: If it crosses above the 50 period EMA, their could be a breakout above due to the short squeeze, so as long as it holds below 50 EMA we're safe.Trade ativo
Nota
Trade is still Active, one can look to short at these levels or wait for more confirmation until tomorrow!Nota
Fall Resumed :)
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