L&T short trade
Good to sell as
the stock has turned lower from the Fib speed resistance.
The EMA ribbon as contracted in a sign of warning bullish momentum.
The daily chart RSI has dropped under 50 and points lower.
The MACD is about to produce a bearish crossover.
So, odds appear stacked in favor of a drop to 4260. I would go long only above 4820.
the stock has turned lower from the Fib speed resistance.
The EMA ribbon as contracted in a sign of warning bullish momentum.
The daily chart RSI has dropped under 50 and points lower.
The MACD is about to produce a bearish crossover.
So, odds appear stacked in favor of a drop to 4260. I would go long only above 4820.
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