FOR LEARNING PURPOSE
NIFTY- Its doing two things at one time
1. Its breaking 50MA on daily (not a great sign)
2. Its breaking the low of 13th March and making a new low this month.
Also, there was a small trendline which was in support, it has been taken down.
What to do next?
Focus on Stocks which are holding strong or showing some strength
Don't buy anything blindly
I am making sure to manage my risk.
NIFTY- Its doing two things at one time
1. Its breaking 50MA on daily (not a great sign)
2. Its breaking the low of 13th March and making a new low this month.
Also, there was a small trendline which was in support, it has been taken down.
What to do next?
Focus on Stocks which are holding strong or showing some strength
Don't buy anything blindly
I am making sure to manage my risk.