Keeping an eye on 50 and 200 sma for fast rise ...
If 50 now starts to rise ..then fast rise will materialize .
Update at 10:00
we closed at 5296 ..and Hour High ema at 5313 ..so did not take long position .One could have taken long at the break of pivot at 5297 though.
waiting and watching
***********************
We opened weak and touched and went beyond the 38.2% retaracement of the fall from 4588 - 5630 which is at 5231 ...we have done the requisite for the 4th wave ...we can be very well in the 5th wave to up
As wave 2 was deep , wave 4 has to be shallow .
34 D ema is at 5280 and now trading above 5300 ....If at 10 we close above this 5280 then upmove .
5302 is HHema , if we close above this as well then Buy on dips comes in picture .
5278 HLema
No comments:
Post a Comment