Monday 29 July 2013

Hi Friends;

Analysis for the day : Down day, so look for only short opportunities.

Entry zone: The entry zone has been indicated with red box.

Reason 1: Price at Resistance
Reason 2: Shooting star (sell signal as per candlestick theory).
Reason 3: Price breaks the resistance  and unable to sustain above it.
Reason 4 :Price on weak pullback towards resistance.

Stop Placement: you can place the stop at shooting star high or even at  day's high.

0 comments:

Post a Comment