The 30 minute chart shows oversold position on the oscillators with minor positive divergences. Hence caution to shorts as there could be a pullback within the downtrend. I booked my short position yesterday at 3.oopm trying not to be greedy. My experience is that carrying positional shorts is emotionally draining at times of pullbacks and one tends to cut positions with lower profits or even at a loss. take your own decision though.
happy trading !!
2 comments:
Thanks sir for such a nice analysis, could you please provide me details like, what software you are using for 30 minutes chart, and what data feed.
thanks for the compliments. i use metastock and after taking the half hourly data from nse intraday chart feed it manually every half hour.
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