All Global Index are trading near their high and DAX is also trading near its high, while closing we saw some selling pressure coming from the top and expect the move to follow next day as well. When we changed the time frame from daily to 15 minutes there were some noticeable things which needed to be pointed out and be cautious about.

When we look at the 15 min time frame, the first thing which pops out is the support line (marked as blue on the chart) This Support Line has been a very strong support line , which means index closing below the support line we might see some correction coming in the Index.

Let's wait for the opening, we will get a clear picture after the opening. If the open is below the support line and the Index trades below the support line for the next half an hour we can expect the index to trade lower.

Macd is trading just above 0, if the stock opens low and is able to sustain for half an hour the major things to observe would be the Macd trading range, if it is trading below 0 we can expect that the trend may continue.

RSI is trading at 41 and it is following the price move. If Macd trades below 20 we won't take a position on the sell side, we will wait for more confirmation.

Advice : Sell only above conditions are full fill.

Opportunity Nearby

Jul 25 2021

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