HawkishDove

DOLLAR BO [DAILY]

HawkishDove Updated   
NSE:DOLLAR   DOLLAR INDUSTRIES
DOLLAR giving a BO on daily timeframe, Just look at the volumes these last 10 days, clear indication of something going on here. Market conditions not the best for me to enter here but a good candidate to keep in watchlist to buy at the BO support level if interested.
Other names in this same theme which are interesting are PAGEIND. RUPA and LUXIND are not so good for now.
Will update further in comments if this gives a follow through post some consolidation.
Comment:
Looks like another failed BO, Market looks pretty heated as per breadth data, more than 90% of Top 750 Stocks in NSE are above 200 DMA.
Might not take or recommend a position right now...

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.