On Daily TF, ABC correction seems to be over or almost at the end of the correction (as per Harmoic patterns, a dip towards 1540 still looks due)..
Nevertheless, shorting here seems to be a bad idea and I will look for buying opportunities aiming for 50% retracement of this CD leg down..
With results being expected in the second week of April, let’s see how far will the bears carry their shorts with conviction.
Disclaimer: This is not a trading advice. I am only sharing my learning
Nevertheless, shorting here seems to be a bad idea and I will look for buying opportunities aiming for 50% retracement of this CD leg down..
With results being expected in the second week of April, let’s see how far will the bears carry their shorts with conviction.
Disclaimer: This is not a trading advice. I am only sharing my learning
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On Daily TF, the Shark pattern seems to be in play which could very well take the price to sub 1450 levels.. So, it is a wait and watch game now.. 
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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.