The Index is trading at its all time high and made a Harami Pattern at the Top. Harami pattern is a corrective pattern, where we expect the market to correct if it is made at the Top. Harami is one of the best candlestick patterns with a very low failure rate.

Previously we traded in the security when it was in a rectangle and we were anticipating a breakout, we have seen a breakout on the upside and have met our target.

Again we have an opportunity to trade in security and this time we have a very good RR compared to the previous one.

RSI is showing pure divergence, Previously when the security made a high the RSI was nearly 72 and the price was at 7392.80 now the price of the security is at 7559.9 and the RSi is near 68.

MACD is also showing divergence, when the previous high was made MACD was trading higher compared to today's high.

CCI is also showing divergence, it is best used for overbought and oversold, Now it is in overbought.

SELL

Aug 09 2021

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