Favorite bull market saying resurfaces: Be cautious :)

Last line of defense 4180/4150/4130
if u check move from 399x recent lows near 4030 doublish bottom/triangular/flat correction whatever the hell it was
u will be able to make a 5 legged move.
from lows
now if we are going to do a beautiful extension then bulls need to defend 4180-4150
then we can go much much higher, 4400-4672-4900 and what not.
If we start breaking supports under 4150 then one seriously has to start trading more on the short side.
sbi short covered today near 1290
but it did the 1280 target.
Buy zone is actually only 1260-1212
anything higher is a very very risky buy.
sl 1200 for sbi bulls

rcom watch 480 for support
hll 200+

Some stocks are already breaking rising 13/21/34 ema on closing basis which is my definition of the trend.
Those can be suitable shorting candidates.
21 ema roughly reflects the trend of the weekly chart. i.e price action over last 3-4 weeks so its a good way to follow a stocks direction