Prices have closed below DLEma during "downtrend" gathering momentum & the highs are not sustainable.
Downtrend in Day T/f gains momentum, though week is still in trading mode till prices stay above "WLEma less 60". There will be sharp falls followed by corrective rises.
As the chart below suggests, prices are most likely to reach the weekly channel bottom as long as they are kept below "7945 & 7970".
More weakness manifested once hour technicals gathered downward momentum & broke "day Channel bottom" and closed below critical MT average 50dsma. (All these are happening in BN one day in advance, leading)
Downtrend in Day T/f gains momentum, though week is still in trading mode till prices stay above "WLEma less 60". There will be sharp falls followed by corrective rises.
As the chart below suggests, prices are most likely to reach the weekly channel bottom as long as they are kept below "7945 & 7970".
More weakness manifested once hour technicals gathered downward momentum & broke "day Channel bottom" and closed below critical MT average 50dsma. (All these are happening in BN one day in advance, leading)
11 comments:
Namaste Ilango Sir and blog friends
LV
Good Morning Sir..
Good Morning Sir and blogmates
Gm sir..
7875 HHEMA & 7880 DLEMA..
as mentioned yesterday ORB is imp
GM SIR,
Does 7840 have any significance now or we assume larger 4 is unfolding
Thanks
7809 tgt
sir,
what is significance of trailing no.s 7945 and 7970. ?
Namasthe Master & Blogmates.
Wish all Long life, Good Health, Peace & Wealth.
good morning master and friends
New Post Done.
Good Morning Ilango Sir and Friends
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