We have hope trading vs reality trading.
Hope Trading:- All is well, the COVID vaccine in line and economy will bounce back.
Reality:- COVID is a reality, the economy will take years to recover and Nifty P/E 29.01 on 21st July.
RSI is at 52 week High
We are in PRZ - Price Reversal Zone so be cautious.
Wait for reversal signal on chart to short, blind short can make you start hope trading.
Hope Trading:- All is well, the COVID vaccine in line and economy will bounce back.
Reality:- COVID is a reality, the economy will take years to recover and Nifty P/E 29.01 on 21st July.
RSI is at 52 week High
We are in PRZ - Price Reversal Zone so be cautious.
Wait for reversal signal on chart to short, blind short can make you start hope trading.
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.
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.