Can it Break through 5 Point Resistances?

11 juin 2017

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 :)

11 juin 2017

Note

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.

12 juin 2017

Transaction en cours

12 juin 2017

Note

Trade is still Active, one can look to short at these levels or wait for more confirmation until tomorrow!

13 juin 2017

Note

Fall Resumed :)