CNX FINANCIAL good short candidate
CNX Financial Spot CMP 14200
Bearish Bat Pattern Formation
PRZ range 13950-14150
SLZ zone 14750
Down side 12500-12000-11500 possible.
Any reversal below PRZ zone that is below 13950 would confirm reversal,, Index can see good retracement below this levels once pattern reversal confirms.
RSI Divergence :- Price making higher high, RSI making lower high,, Bearish divergence, RSI overbought ..
Eliot wave :- 3rd Impulse wave of Impulse phase is on verge to mature,, wave 3 have extended around 2% of wave 1.. as per theory wave 3 can be around 1.618,,2,,2.618 % of wave 1,, If Corrective wave 4 unfolds from this levels we can see retracement of 0.236 to 0.382% of wave 3.. Price wise which can be around 12500 to 12000 levels.
Bearish Bat Pattern Formation
PRZ range 13950-14150
SLZ zone 14750
Down side 12500-12000-11500 possible.
Any reversal below PRZ zone that is below 13950 would confirm reversal,, Index can see good retracement below this levels once pattern reversal confirms.
RSI Divergence :- Price making higher high, RSI making lower high,, Bearish divergence, RSI overbought ..
Eliot wave :- 3rd Impulse wave of Impulse phase is on verge to mature,, wave 3 have extended around 2% of wave 1.. as per theory wave 3 can be around 1.618,,2,,2.618 % of wave 1,, If Corrective wave 4 unfolds from this levels we can see retracement of 0.236 to 0.382% of wave 3.. Price wise which can be around 12500 to 12000 levels.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.