We closed at 5334.
Lets look at some important lvls ,
5323 5Hour ema
5329 Hour Hema
5258 Day Lema
5294 5 Dema
5342 DHema
5348 5Wema
5323 Monday Pivot.
5326 10 Dema
5329 21 Dema
5277 34 Ema
So we closed above most of these important lvls , except the DHema ( 5342) and 5Wema ( 5348) this is keeping the weekly trend still Down , But with todays close the Hour and Day trend are UP.
Moving Average:
If one takes position with hourly close then 10:00 close gave a buy signal today at 5313 in the morning with a close above hour high ema , but then it was a good Gap up as well ...so took support of ORB as well. This also gave a buy signal as it broke it to upper range.
Divergence :
Take a look at the chart below ....
Lets look at some important lvls ,
5323 5Hour ema
5329 Hour Hema
5258 Day Lema
5294 5 Dema
5342 DHema
5348 5Wema
5323 Monday Pivot.
5326 10 Dema
5329 21 Dema
5277 34 Ema
So we closed above most of these important lvls , except the DHema ( 5342) and 5Wema ( 5348) this is keeping the weekly trend still Down , But with todays close the Hour and Day trend are UP.
Moving Average:
If one takes position with hourly close then 10:00 close gave a buy signal today at 5313 in the morning with a close above hour high ema , but then it was a good Gap up as well ...so took support of ORB as well. This also gave a buy signal as it broke it to upper range.
Divergence :
Take a look at the chart below ....
