The Support level has held Sensex, it forming a doji of indecision. Today it would be to watch if it bounces up from the Cyan support line of 19984 or falls to the bottom of blue channel.
The cloud top has supported in the longterm chart, though TS and KS have folded down and CS is way below the PA. The broadening cloud shows positive strength.
But in shortterm the weakness has set in with price, CS & TS below the cloud. Thinner cloud, hooking down KS above TS, CS below the price, sideways cloud with twisting spans. It looks volatility controls the shortterm.
The EMA support at 55ema is holding.
2 comments:
Good Morning,
Your charts and reasoning so much like my like my own. SO now I know I just need to see your charts everyday.
Less hard work for me !
Have a nice day.
Hi Alpha,
appreciate your encouragement,
Have a nice day, and good trades.
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