After downclose following Sell CD 13, 6 sessions have passed, and we managed to reach EMA 20, should be read as a correction/retracement in a strong uptrend....
Remember, there was a case to buy in the above correction, HDFC bank is 116Rs Up (7%)from that level (around 1658 to 1774).
Basic observation is, I am trying to differentiate mild corrections/dips that should be bought into from deep corrections/reversal which should be played into.