We come back to inspect if 280 holds.
Move above 335- proposed "d-leg" of the triangle in previous long term analysis -if crossed in future then we expect good upside target. We shall do the projections once 335 & above is breached.
It dipped to 287-286 & bounced above 288 -Likely we will wait for any further action. I am on sidelines means no position.
It is neither going upside & going below 287.50 shall continue down -we need to check what could a small stop loss for this short trade if we take.
Not holding below 287.50 & turned upside. So, we again wait for the bounce to sell
Bounces from 287.50 -intact from yesterday.
Going below or sustaining below 290 is a problem - The fall from 296 was very sharp -so Next - we want to see 296 taken out for any buy positions.
Bang On for a small move from 287.50 -which gave a leg upside till 296. Keep moving with the market -let it throw you out helped me gain maximum out of that leg.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ