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Is This Good to Short.

Discussion in 'Technical Analysis' started by amitmanel, Jan 27, 2014.

  1. amitmanel

    amitmanel New Member

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    Hello Team,

    Need to view on the attached Screen Shot of Bajaj Auto. Does this looks like weakening , as I am trying to understand the pattern in it. The Latest Peak looks weaker than the previous one. It also has a latest candle the seems to be resembling "Hanging Man" for a Bearish Trend.

    Thanks In advance.

    Regards
    Amit
     
    amitmanel, Jan 27, 2014
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  2. amitmanel

    amitmanel New Member

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    With the Attachment

    Sorry , Left the attachment . Here we go again.

    Regards
    Amit
     

    Attached Files:

    amitmanel, Jan 27, 2014
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  3. shabbir

    shabbir Administrator Staff Member

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    Weakening, I would say not yet because 1860 to 1880 is a very good support range and once that breaks, yes it would be weak but not yet.
     
    shabbir, Jan 27, 2014
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  4. amitmanel

    amitmanel New Member

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    Thanks , Shabbir
     
    amitmanel, Jan 28, 2014
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