- The chart is pretty self-explanatory.
- If you look at the PE, It has come down substantially from about 100.
- The crucial resistance zone is an important obstacle. A break and sustenance above it could mean further upmove.
- Invest with caution as Investors are getting greedy post the bull run.
What are your thoughts? Leave us a comment.
Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong.:)
- If you look at the PE, It has come down substantially from about 100.
- The crucial resistance zone is an important obstacle. A break and sustenance above it could mean further upmove.
- Invest with caution as Investors are getting greedy post the bull run.
What are your thoughts? Leave us a comment.
Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong.:)
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The price just made a bearish engulfing at the crucial resistance level on Weekly TF. Given that we saw a strong parabolic up move, a pullback is due. The low of the red candle may trigger a fall. (6540 - 6440 levels)
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It is either a retest or a false breakout. We will have to wait and watch.
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Blasted !! 8000+
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