At 82 levels Kingfisher had already sent signs of selling.The great and strong trend line from 42 levels to 82 was broken with confidence.Look at the huge red bar which clearly shows how confidently the trend line is broken.
After the trend line broked , there where series of bad news
which took KFA to 10 RS level today. It
was a clear indication of a falling knife.
So a smart person who exited at 82 level has made minor
losses and people who are still waiting for a miracle to happen are with 1/4th
the capital.
Be a smart trader, equip yourself with technical analysis,
save your hard earned money. Start learning technical by reading this Technical
Analysis training video.
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