5315 Correction possible
It looks sensex is due for correction
next 3 to 6 months may be the correction phase
the price has to come to moving average for price stabilization. Now it is too long time , that price is highly stretched from weekly and monthly moving average in sensex and nifty. Moreover, FII huge selling from several days indicates the future possible correction in next 2 to 3 months.
Price has to consolidate, so that moving average will come near to the price or price has too move towards moving average.
Time to be cautious.
next 3 to 6 months may be the correction phase
the price has to come to moving average for price stabilization. Now it is too long time , that price is highly stretched from weekly and monthly moving average in sensex and nifty. Moreover, FII huge selling from several days indicates the future possible correction in next 2 to 3 months.
Price has to consolidate, so that moving average will come near to the price or price has too move towards moving average.
Time to be cautious.
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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.