Sensex may get support at present level 19827, 19804.
Can rebound from here for a technical retracement.
The fall has reached the cloud top in longterm.
and into mild bearish in shortterm and near neutral in midterm.
The channel bottom for 3months is broken.
The darkblue channel bottom would give support for further fall at 19433 which would also be 89ema.
Bolinger support would be at 19651 and resistance at 21094.
8 ema is yet to crossdown 34ema.
TS is holding above KS in longterm.
Stoch entered OverSold mode.
HA candles remain negative for past 3days.
2 comments:
Hi,
The short term EMA are still above their SMA while the long term EMA below their SMA. I would have rather thought the reverse would be happening with long term holding strong. Can you please check and revert.
yes, alphabet,
the 4ema is above 34ema,
etc.
thats one reason i look for a bounce, small or otherwise.
significant crossdown of 20ema on 50ema without whipsaw would make me expect more down. Till then it could keep on the 55ema.
But the sma of many are over their ema for sometime.
Post a Comment