Strong momentum, overbought markets do have an upward bias but caution is must at these levels.
The gap between 20 DEMA and 10 DEMA and index level calls for caution, other important indicators too are suggesting the same.
Stay long, preferably with smaller volumes and stay near the exit door.
This is not a trading advise, pls consult your financial adviser before taking any positions in financial markets.
The gap between 20 DEMA and 10 DEMA and index level calls for caution, other important indicators too are suggesting the same.
Stay long, preferably with smaller volumes and stay near the exit door.
This is not a trading advise, pls consult your financial adviser before taking any positions in financial markets.
Trade closed: target reached