Up above the 200DMA when the world is below.
Auto and FMCG are outliers (above 200DMA). Yesterday it was a massacre of retailers in US markets.
Autos has all the bad things happening inflation, interest rates, raw material prices and still they are up. Autos should come down in auto mode down
Autos has all the bad things happening inflation, interest rates, raw material prices and still they are up. Autos should come down in auto mode down
In general anything above 200 DMA will be first TGT. e.g BoB above 200 DMA but PSUBank below 200 DMA.
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.