Friday, 23 March 2018

Technicals for week ending – 23rd March 2018.


Note : This is not a recommendation and I am not a registered analyst, these are just data points and an assesment of the positives and negatives from a longer term point of view.

Nifty Weekly

Subjective: the longer term bearish picture stays the same as written here and here the charts got uglier.

On the rules-based front, closed below the stops. I overrode it as I used to wait for the weekly closing, but with that gap down it was a low probability of stops getting saved sooooo...I Hit the eject button today! It can trigger a buy next week or the week after that & have to jump in if triggers, that’s the way it is.



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