Cisco Systems moving in correction mode

Cisco Systems moving in correction mode gives the trader short-trade opportunity.

It's average volume is higher than volume in the day's range.

The chart shows it's moving down further till it reaches it's over-sold region. 

Open	56.85
High	56.90
Low	56.35
Close	56.47
Prev. Close	56.93

Volume	8,679,266
Average Volume (3m)	21,542,894
Dividend (Yield)	1.40 (2.46%)
P/E Ratio	20.79
EPS	2.74

Recommendation: SHORT-TRADE this stock till it reaches over-sold region or hits the stop-loss. Traders are advised to maintain trailing stop-loss & take profits.

Price Table:

Date	LTP	Stop Loss	Support 1	Support 2	Support 3
30-JULY-2019	56.47	56.90	56.25	56.02	55.70

Review: This stock already breached it's above recommended Support 3 level on 31-July-2019. Now Traders are advised to take profits and exit their short-trades as the stock has entered into over-sold region.