CAUTION-IS IT FORMING DOUBLE TOP? su NSE:BANKNIFTY di eternallearner

CAUTION-IS IT FORMING DOUBLE TOP?

Signs r there. Last time,stopped out (that too on the day of FED announcement on tappering!!)Actually shorts were built up on these expectation and when it materialized,SHORTS were squeezed. Really mkt. never loses an opportunity to spring a surprise. Presently,today top of ending diagonal formed around 38112 was touched & reacted from there. There is the ominous sign of -ve divergence.SHORT with 20 pts abv. today's high. NOTE: This is my personal view. Trade at your own risk.

eternallearner

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