CNERGY has been previously moving in a subdued and weak uptrend, recently it broke below its uptrend line and also crossed underneath 20 EMA. Both of which are indicative of its new downtrend.
Weis Wave Volumes support this bearish scenario with volumes on down leg multiple time more than recent up leg
SHORT CNERGY 7.30-7.50
TP 5.40
SL 8.50
Weis Wave Volumes support this bearish scenario with volumes on down leg multiple time more than recent up leg
SHORT CNERGY 7.30-7.50
TP 5.40
SL 8.50
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.