ShreeKrishna

One More down Move ( Non Reliable pattern)

ShreeKrishna Updated   
NSE:IBULHSGFIN   INDIABULLS HOUSING
Some time when world starts Screaming that they have made some Victory i rarely Accepted that without verifying it

And My views are not influenced by any Sudden Moves or Sudden Actions , today move seems to be last screem of Bulls before they see the next deep recession move

The visual information in the charts says the move is not reliable , and I am looking for deep recession and deep price push before any resolution takes place in

Real estate sector

I am looking one more move down till 31 or near to it , this move will not be sharp , as institution know that they are not going to get any thing form current economic situation , at once i was very positive in real estate may be before COVID 19 , but now it seems very stressful

Well i can say its my view , One can look for their own view ,

Good luck

Comment:
The day i posted this and today 24 August 2020 i still do not have any change in my forecast , the down side move is coming , Wait for proper set up , Current move is very narrow ,

Wait for strong down ward move on daily before entering the short sell in Futures

Good luck
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.