Its newsdriven & FII selling panic falls, which puts a confusion if it is time to buy in dips, and if so, when ...
The Retracements are going towards the earlier swing low before the meteoric rise.
May be this correction will set the market back on good foundation, to be built to recent and new highs on a steadier and confirmed growth, than this past 3 months motley FII inflow driven rise without proper funda.
Ichimoku is turning from neutral to bearish by the price breaking down below the cloud.
The volatility remains high.
Oscillators are falling towards entering OverSold area, the beginning of being in neg zone.
The RedChannel bottom may offer support, where lies the 144dEMA also.
No comments:
Post a Comment