AWAITING THAT CRITICAL REBOUND

The NSE for the fifth day running took another bashing down by 265.80 points closing at 23,265.75.

As earlier said yesterday The NSE ASI continues  to show a classic panic sell-off made up of a large percentage downwards move in a single day, as stocks hits NEW LOWS.
This is a classic panic sell-off made up of a large percentage downwards move in a single day, large volume surge, all of the NSE ASI components going down, as investors rush for quality stocks.

     


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This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. TRW accepts no liability whatsoever for any loss arising from any use of this expert or its contents.
 
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