It is been observed that the price action covering up the previous gap down and now looking weak at previous support which is now acting as resistance. It is good to short it now with stoploss at 8900
Trade ist aktiv
⋅
Trade ist aktiv
⋅
Price action moving down, rejection on higher level prices. Now you may increase positions.
Abhishek Ji, I have uploaded few educational posts regarding Channels (links given below), which is very important in technical analysis. I would encourage to begin learning it and share your craft with me in order to get feedback. I shall be uploading more educational posts gradually that shall gradually build up and grow your technical analysis skills. Regards.