Hi Friends
Make or break in Hindalco ..make or break zone on confluence area of trendlines & support area. besides it is also near 21ema
besides this nifty,banknifty & many scrips are near to break or make level...many are near to support area or near trendline..weekly timeframes are in bullish trend..besides, weakness can be seen in daily..from last 2 week, both bulls & bears are fighting to take market in their territory..as we can see double doji in last 2 week...so now they are on LOC..it would be very intresting to see where will it take to market?.. tommorrow & next week will be very important for further trend...
It will be very unfruitful question that where will it go? As a trader ,we dont need to know where market will go..as prediction can be very dangerous..but as a trader we just live in present & will do what market will say..we just have to listen market..we will see what it will show..we cant tell it what to do..we just need to follow it ..
As a technical trader,I dont watch news or trade on news..but budget is imortant event which is coming in 2nd week of july . some .retails are enthuastic..some retailers are waiting for correction for a buy..some are very bullish..buying at every dip..some are waiting for a big correction...so hopes,fear ..greed ..all are there...but what little I learn from my little experience is that market never do what majority of retail traders think..market always do unexpected..so I think as a trader we should not assume, predict or guess...we should just follow what price will say...all emotion will be written on charts...so listen price, listen market, listen each candle...HAR CANDLE KUCH KAHTI HAI..
who will win bear or bulls ..I dont know...What little I know the levels or LOC..bulls or bears who will win those territories..will take market further in their direction..as a retail trader..we are chameleon..we will be with winning troop...& we can change side any moment as soon as we see that our troop is weakning..as a retail trader, we just have this much fascility that we can entry & exit easily..not like our big brothers who have to leave trails..
all the best & happy & profitable trading