Case for a possible coreection/Reversal
- The doji candle formed on the daily charts , may have marked a turning point as today's candle was bearish.
- The upper shadow is long conveying weakness at higher levels.
- The real body(range between open and close) is below the real body of the doji candle.
- The close is towards the low of the day.
- It was a down day.
- negative divergences continues on daily charts.
Refer the charts for retracement levels . The trend is up till the pink dotted trendline, drawn from 2965 , shown on half hourly chart is broken. But maybe this is a crossroad once again. Be hedged on any positions taken.
Happy Trading !!