Inspite of Friday moves, Sensex is still in bear territory.
PA is below TS, which is below KS.
TS and PA are below the cloud.
CS and KS are in cloud, leaving nothing clear of the cloud.
MACD is in negative, though recoveing.
CCI has emerged to -63, and looks up.
Cloud is flat, thick.
First resistance would be 18557, then 19092.
Positive move gets confirmation only on a trade above cloud, with TS above KS.
Daily Chart
Weekly Chart
The weekly close is below the flat cloud, below the TS, KS.TS is below the KS.
The flat cloud would offer resistance, and once crossed, a good support, which is possible, considering candle body across the cloud border.
Oscillators are falling to red.
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