As I see the various indicators , the one that caught my eye was Hour slow macd with a positive divergence .
Moving Average:
Dema is at 5302 we clsoed well below that at 5222.
Day TF trend down
Hour TF trend down .
Pivot is at 5297 .
Channels :
As and when we break upper trend line of blue channel and close above it we can say we are in 5th wave up .
we have done the 38.2% of rise from 4588-5630 at 5231 ...now next is 50% at 5108.
Looking at the length of A from 5630 - 5268= 362
If feel we have more room to go down as C . If one gets an opportunity , short with a close above hour high ema as SL.
Moving Average:
Dema is at 5302 we clsoed well below that at 5222.
Day TF trend down
Hour TF trend down .
Pivot is at 5297 .
Channels :
As and when we break upper trend line of blue channel and close above it we can say we are in 5th wave up .
we have done the 38.2% of rise from 4588-5630 at 5231 ...now next is 50% at 5108.
Looking at the length of A from 5630 - 5268= 362
If feel we have more room to go down as C . If one gets an opportunity , short with a close above hour high ema as SL.
2 comments:
Hi smita,
wish you a happy holi day.
Thanks , A very Happy Holi to you and your family .
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