It was 10.19 am when software gives buy Arrow . Feature 3 and 4 + Histogram are supporting BUY . Now question arises Should be take BUY trade here?
Lets us look carefully.
1. Market is below Euro Line (851.4)
2. Market is below Yearly Investor Trend Line , Monthly and Daily . All lines are acting as Resistances .
3.Around 10 .20 am Green Dotted Line was almost parallel But Blue and yellow were moving downwards.
which shows overall trend is of SELL
Answer is :This BUY is NOT SAFE
Conclusion: when all lines are resistances and overall trend is of SELL , NEVER enter in BUY trade
Happy Trading
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