These are my personal musings. These are not in any way meant to be trading advise. To view the full chart, right click and open in a new window.As can be seen, the market still is uncertain. Readers could have closed their long positions.
As of now, the market still does not seem bearish, but there is no harm to keep locking in profits and try a re-entry at a later date when the technical position is healthier.
Even now, the suggestion to buy on dips still remains valid. I would still suggest waiting for a formation of the short term bullish pattern to enter long positions.
The orange band around the 4970~5000 should now come into play.
Trade happy after planning your trade.
1 comment:
Hello,
If we draw a line from bottom of 17th march to bottom of 7th & 15th April we get a zone of bullish & bearish at 4950 as on now. Your view on this comment.
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