After we had a slightly red day, i am not changing my stance to bearish yet. I would prefer the 22781 critical support to be taken out before going short. I still believe N50 is catching its breath after the 1100+pts run from 16th May, but the moment we fall below 22871, we are going below the previous ATHs and that could prove quite tricky.
In the last 2 instances i.e. on 10th Apr, 3rd May we had noticeable corrections - so the base case to go bearish may be profitable.
In the last 2 instances i.e. on 10th Apr, 3rd May we had noticeable corrections - so the base case to go bearish may be profitable.
@viswaram
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@viswaram
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.