1. in reading option analysis ...my net figure was positive indicating more sellers than buyers. Somehow got confused and wrote as "market will bounce" . Today also it indicates positive with narrow range.
2. Price has closed below Tenkensen in ichi chart of previous day indicating bearishness coupled with overbought indication from oscillators. This is a sign to go for short whereas i expressed about market bouncing.
Tenkensen line is sliding downwards with kijunsen at 6137 which should provide support failing which we may see further falls going in to clouds.Oscillators are mixed. Clouds indicate trend change from Nov 22 onwards.
4 comments:
Sri,
Mkt is kicking up & down with all the big news small news global local, like the elnino.
At the juncture of much looked for earlier high delta of new pricezone and old zone.
Anyone can slip in this rapid volatility.
regards
Brave of you to admit an error. Most wont do or rather further try to camouflage in jingoistic play of words. Adulations to you.
KS is strong support. CS cross of price and price of TS is weak. Cloud underneath is thick.
I see this fall as a divergence in RSI which has corrected. If doesnt breach 6000 this week, see the entire pullback to new high.
mok
thanks for all your support.
alphabet1
thanks. i also feel the correction is done and pull back is due from this levels ..but let me go through entire thing again before posting for monday.
Sri,
the pistagreen pastel shade of ichi is vert pleasant.
if you can, you may maintain this pattern. It enhances the chart lines also.
Have a nice weekend.
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