Hour TA remained down for the whole day and spread accross on Day TA , as prices closed below 5 Dema making the hour and day trend down now .
we have closed below pivot (5077) as well.
On hour chart we are at channel bottom , breaking this bottom trendline leads to more downside and a bounce is also possible ( for that price will start to close above hour low ema ) For now prices closing below hour low ema and also below 5 day ema / and 5DHema shows weakness.
On day chart , its evening star pattern indicating bearishness.
Technicals show weakness all over .
retracement of 4770-5144 are
we have closed below pivot (5077) as well.
On hour chart we are at channel bottom , breaking this bottom trendline leads to more downside and a bounce is also possible ( for that price will start to close above hour low ema ) For now prices closing below hour low ema and also below 5 day ema / and 5DHema shows weakness.
On day chart , its evening star pattern indicating bearishness.
Technicals show weakness all over .
retracement of 4770-5144 are
| From | To | Fall/ Rise | 0.236% | 0.38 | 0.50 | 0.618% | 0.736% | 0.80% |
| 4770 | 5144 | (374) | 5,056 Done |
5,002 | 4,957 | 4,913 | 4,869 | 4,845 |
