- As expected, the down trend continues after pullback.
- 2nd trade was back-to-back trade. it has to be avoided. Time gap between the traded to check the inner state
- 3rd trade was tried blindly based on the big red candle. failed to notice candle formulation at the end. Also pull back end catch trade failed
- After gap-up, yesterday price trading in a range. Price is showing lot of reluctance to move in a bullish direction.
- Any time market will fall after pull back is over in the macro bearish move.
- There is possibility that market will slightly move up, till the gap closure level.
- The macro trend of the market is in bearish. But temporary bullish in the form of pullback is there.
- Two days market in range. We have to see which side it breaks, depending upon which we can decide the intraday market bias.
- Yesterday market in range mode during second half with slight bullish bias. whether this temporary bullish continues? If it breaks PDH, then we can affirm..
- As the pullback is due in macro bearish, this may also add to bullish.
- Downtrend seems to be fading. Spot nifty met minor support. Will it respond.
- As long as it doesn't break the PDH. the trend will be down.
- Even the market shows some bullish, it will be considered with caution.
- HTF trend is bearish. So if it breaks PDL then looking for short trades.
- If Intraday trend shows some power then think of long trade
