MACD Histogram is going to merge with zero line .... earlier in 99 % cases MACD Histogram MOVED to below zero ...or remained with it.. .so the chances of bounce are grim ...
because maximum indicators are trading at their threshold levels...
so to bring them down ,,,
a long range bound trades say +/- 40 to 50 points may be witnessed ..
I may be wrong on my prediction too...
at the other hand some positive results of March quarter...
we are expecting soon ...
But any negative news break out will fuel the profit booking and a healthy correction won't be ruled out at that time ...
so to bring them down ,,,
a long range bound trades say +/- 40 to 50 points may be witnessed ..
I may be wrong on my prediction too...
at the other hand some positive results of March quarter...
we are expecting soon ...
But any negative news break out will fuel the profit booking and a healthy correction won't be ruled out at that time ...
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