aakashsawant53

Double top and bearish engulfing pattern and price in overbought

بيع
NSE:WIPRO   WIPRO LTD
A good shorting opportunity

bearish engulfing pattern formed after wipro announced it's result
i have also checked the delivery percentage which was less.
if price is decreasing and delivery percentage is less then it indicates very less interest of people to accumulate

also price is in overbought region as per RSI indicator.

and lastly it looks like a double top has been formed after a uptrend in price which could mean that trend is about to reverse

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.