BANK NIFTY probability of some pull back?
Today bank nifty rallied from around 35079 to 35779.
Divergence is seen between price and oscillator.
Some pull back might be possible, before continuation of up trend.
Hence long position should be initiated when uptrend takes place after the pull back.
How was my yesterday's call ?
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Present strategy is to buy on dip unless 35475 is violated.
Divergence is seen between price and oscillator.
Some pull back might be possible, before continuation of up trend.
Hence long position should be initiated when uptrend takes place after the pull back.
How was my yesterday's call ?
don't forget to like my post.
follow me to get updates.
Present strategy is to buy on dip unless 35475 is violated.
Comment:
better when 200 period moving average in hourly time frame is not violated.
