HOW LONG..? WE MAY SHORT..??? Ans FBD

28 de fev. de 2023

FBD....Fake Breakdown at 17300 Major Support In Today's Afternoon session ...and also Price does not manage to close below 17300..There is Bullish Divergences with this fake Breakdown..which may results into a good pullback and correction in the current Downtrend...as it is clearly seeing that the Market is in Oversold Condition..So there may be good Pullback..But how? upside there are so many huge OI and big resistances..so it may give always a declining move from upside..interesting to see how Bulls react to this..needs to show some Dominance...Weekly option expiry is on coming Thursday, so Time Decay is a big Factor to play..so I Did entry with Next expiry 9 march with 17300 CE to cope up with Time Factor..Now lets see Further ..there is Looking Good Reward to Risk Ratio on upside..May be TRY IT...Afterall, HOW LONG..? WE MAY SHORT..?
Bye bye...HAPPY TRADING....