The market is getting ready for another fall.
Once market close below 3962 level, you can expect a fall for another 140 points. Though we need to be caution when it reach the level 3897, possibility of reversal.
if you are looking to buy order do wait and market is still in uptrend and the current position of market is called a pullback or retracement.
The weekly chart is also strong in short position. Until we get a clear entry buy position is not recommended. If you are getting an opportunity to buy I would recommend to trade with less quantity and less risk, do not go big.
have a pleasant trading.
Once market close below 3962 level, you can expect a fall for another 140 points. Though we need to be caution when it reach the level 3897, possibility of reversal.
if you are looking to buy order do wait and market is still in uptrend and the current position of market is called a pullback or retracement.
The weekly chart is also strong in short position. Until we get a clear entry buy position is not recommended. If you are getting an opportunity to buy I would recommend to trade with less quantity and less risk, do not go big.
have a pleasant trading.
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.
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.