EOD 25th June

Day close 5115

How does one decide the trend is going on up or down ?
Momentum Indicators tell us that by closing above or below the 5 ema of that TimeFrame.

So looking at the ema s to gauge the momentum we find the

Day Trend turns down yet again , by closing below 5 day ema ( 5125) .
with Hour trend turning down with 3:00 close and by EOD we also have 5 ema crossing below 10 ema.

hour low ema at 5132 we have closed well below that now next thing to look for is day low ema poised at 5089 , we may see again a range bound day if we take support at this low ema Or see trending move down if we break this lvl.

This zone 5085-5100 acted as a strong support in recent times and is to be watched anything below 5085 would be favoring shorts .

Divergence :

Day chart indicators are showing -ve divergence with 9 rsi and fast macd .


Indicators :
HOur chart SS turns down from OB and breaks the LTL.

All the above says more down move , this downmove can take support at previous support 5085-5105 .
If we break this support then more downside  .

Intraday 25th June

Opening at 5159.

which is more than Previous day high and also more than Previous day close .
We also opened above HHema ...Clearly bias for the day +ve .

At 10:00 we maintained Day open as Day low  ...so break of ORB (  5159-5185) to  upside , should be indication of Long and less risky trade with day Low as SL.
Contradiction to this is to keep in mind the BIg picture , where in day charts 5190 is important number being recent swing High and channel top on hour charts .

that has been acting as stiff resistance till  now .
Along with this I see -ve  divergence in intraday charts ..which is holding me back to take long calls.

 1;30
Prices taking support at yesterday's high ...I feel its a good place to go long . There my SL pops below day low 5159.