Nifty Auto appears to be at bad Risk/Reward ratio.
Relative Momentum Indicator is pointing to temporary peak.
Better to avoid fresh Longs.
Since there are sectors which are doing well, I would concentrate on them rather than trying to find short trades in Auto. Especially when the Nifty is looking bullish.
Relative Momentum Indicator is pointing to temporary peak.
Better to avoid fresh Longs.
Since there are sectors which are doing well, I would concentrate on them rather than trying to find short trades in Auto. Especially when the Nifty is looking bullish.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.