As expected it could not break the barrier of 200ema in one go , in my previous analysis i had mention the same and i still hold the same opinion that it will take some rest before it crosses 200ema as its strong and important resistance level. Lets take a note here that bulls are active from 2000 level and the market almost touched 2250 sure at any resistance bulls will exit their positions and book profit. Once the profit booking is done fresh buying will start and it may cross the 200 ema. Over all very buillsh around 30% of retracement in an uptrend is normal and healthy.
Hit like & follow guys to show your support.
Hit like & follow guys to show your support.
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