Market opened with another shift in price, since all momentum indicators are oversold, this upside is not a strong upside and have high chances of failure, if you are holding a long position start trailing SL properly to protect your profits.
Regards,
Nrupen
https://www.udemy.com/trade-with-technical-analysis/?couponCode=UNIVERSAL
Regards,
Nrupen
https://www.udemy.com/trade-with-technical-analysis/?couponCode=UNIVERSAL
gameofmoneys
Dear @Nrupen how did you conclude that 8300 will be a crucial juncture for a pull back. Thanks!!
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Nrupen
gameofmoneys
@gameofmoneys, Are you asking about last day's post.
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Nrupen
gameofmoneys
@gameofmoneys, This one
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gameofmoneys
Nrupen
@Nrupen, yes sir, what can be the target downside?
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Nrupen
gameofmoneys
@gameofmoneys, Where price gonna move depends on support or resistance break. when support or resistance breaks I check indicators and how much price shift was spent to break support or resistance. Then I project that price shift in direction of price, that's usually how I always take targets.
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gameofmoneys
Nrupen
@Nrupen, Thanks
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