Observation on 7th of Jan 11) DARK CLOUD ( 27th , 28th & 29th Dec With a Doji ( 29th Dec ) . A Bearish Engulfing ( 4th Jan , 22 ) in an Oversold Area ( Short Stochastic ) 2) 92.06 on Stochastic ( Oversold ) 3) Price at a new High and forming a Double Top 4) Price Falls on Above average Volumes on . Volumes as follows 3rd Jan .....4412 Million 4th Jan ....5019 Million 5th Jan 5011 Million 6th Jan 4774 Million 7th Jan 4229 Million 5) Weekly Bullish Trend Line Broken 6) Price below the 50 EMA for last two days . 7) 9 EMA crosses below the 21 EMA
How to Trade 1) Price in an area of Support . 2) If price closes below 15634 or Trade Sideways , wait for a sell Signal . Sell with a Stop Loss at 15861