REASON BEHIND BEING ON SELL SIDE.
1.Double top pattern
2.testing support 4th time making it weak....But how so sure??? so Answer is clear we can see breakdown i.e green trendline.
3.On 15M we can clearly see a perfect head & shoulder pattern.
4.Lock down in nanded and Beed districts of market will obviously affect the market as the major cities like mumbai,delhi are also under the RADAR for lockdown.
5.Got rejection from 14700 levels making it confirmation for shorters.
6.At the time of analysis i can see sgx is nearly at 93 points up. But I think market wont open gap up and even if it opens on look for shorting
SHIVAM MISHRA
MGB
1.Double top pattern
2.testing support 4th time making it weak....But how so sure??? so Answer is clear we can see breakdown i.e green trendline.
3.On 15M we can clearly see a perfect head & shoulder pattern.
4.Lock down in nanded and Beed districts of market will obviously affect the market as the major cities like mumbai,delhi are also under the RADAR for lockdown.
5.Got rejection from 14700 levels making it confirmation for shorters.
6.At the time of analysis i can see sgx is nearly at 93 points up. But I think market wont open gap up and even if it opens on look for shorting
SHIVAM MISHRA
MGB