The blue channel is breached downwards.
The next support may be 144 day EMA, if Sensex fails to pull back from 100day EMA.
5day EMA has already crossed below 20dayEMA a week back,
now 20day EMA is approaching the 50day EMA ...
13day EMA has crossed below 34day EMA. These are bearish notations.
The Longterm ichimoku,
Price is resting on cloud bottom,
Cloud bottom may be a support, and cloud top resistance.
TS below KS, TS into cloud, CS continues below PA, KS hooking down, all bearish confirmation.
The Shortterm ichimoku,
All the indications are bearish,
The price may get resisted at cloud bottom.
shows Sensex may be supported at 19138 breaking which it can fall to 18528 17917.
The trendline is broken downwards for now, though there can be a pull back above it.
The net FII transaction is negative, into selling of 1208 crores.
It adds to pullout of liquidity and to negative sentiments.
The Overall A/D is 743 / 2203,
Except Z category, all groups are into negative, the A group in 1:5 negative ratio.
No comments:
Post a Comment