Indicators
1 ) Trendline - below the downtrend line .. ( Bearish )
2) Support/Resistance - Formed lower low and lower high ( Bearish )
2) Support/Resistance - Formed lower low and lower high ( Bearish )
3) MACD -Bearish Crossover ( Bearish ) . Awaiting for 4R1G signal
4) RSI - Broken below 30% (Bearish) ,
4) RSI - Broken below 30% (Bearish) ,
5) STO - Broke below 20% and bearish crossover (Bearish)
6) Ichimoku - a) Price coming entering from the support cloud (Bearish).
6) Ichimoku - a) Price coming entering from the support cloud (Bearish).
b) Conversion line below the base line (Bearish).
c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Black Candle (Bearish).
c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Black Candle (Bearish).
8) Market Sentiment - Negative from USA 600B Fiscal Worries Refer link
Conclusion:
Bearish
Yesterday it closed with a spinning top on the support line. It is a 50 - 50 whether it will rebound or break below the support line..
Yesterday it closed with a spinning top on the support line. It is a 50 - 50 whether it will rebound or break below the support line..
Resistance- 12716 / 12794 / 12964 / 13057 / 13134 / 13335 / 13583
Support - 12531 / 12314 / 12237 / 11757 / 11649
Posts
0 comments:
Speak up your mind
Tell us what you're thinking... !