Big bearish candle on weekly timeframe, It is around a psychological level of 500.
It MIGHT trap bears in the coming One or two weeks, In that case if it makes a hammer on weekly time frame, enter immediately with stop loss at low of that candle.
If it breaks 500 and keep on falling AVOID IT.
If you believe this is a fundamentally strong company, this MIGHT be a good level to do investing also.
It MIGHT trap bears in the coming One or two weeks, In that case if it makes a hammer on weekly time frame, enter immediately with stop loss at low of that candle.
If it breaks 500 and keep on falling AVOID IT.
If you believe this is a fundamentally strong company, this MIGHT be a good level to do investing also.
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