NEVER TRY TO GO AGAINST TREND FORCIBLY

Nov 10, 2020

INDUSIND HAS BEEN PERFORMING WELL AS COMPARED TO THE WORST HIT STOCK DURING COVID RAIN , BULLISH DAILY BODIES FORMATION BACK TO BACK + RSI CONSISTENTLY ABOVE 60 & 80, BUT THIS SHOULD NOT TEMPT WE TRADERS TO THINK THAT NOW IS THERE POSSIBILITY FOR A U- TURN OR A PROFIT BOOKING DAYS --------------------I WOULD SAY MIGHT NOT BE AS OF NOW LOOKING AT THE LONG BUILD UP AND SHORT COVERING HAPPENING IN TODAY'S DATA = FRESH + CHANGE IN OI IN PUTS SIDE AND NEGATIVE CHANGE IN CALLS SIDE + GUD DIFFERENCE IN TOTAL CALL:PUT SIDE - FAVORING BUY SIDE STILL .... LOOKING AT OI DATA - IT WOULD BE BURNING HANDS TO TAKE A SHORT TRADE -------------- IT SEEMS LIKE PUTTING RETRACEMENT THEORY ON CHARTS STILL 2 LEVELS TO BE ACHIEVED BEFORE WE SEE A FALL IN SCRIPT UNLESS SOME HUGE DATA CHANGE HAPPENS IN OPEN INTEREST CHAIN PLATFORM......

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