Indicators
1 ) Trendline - below the downtrend line .. ( Bearish )
2) Support/Resistance - Broke below the previous low at 11475( Bearish )
2) Support/Resistance - Broke below the previous low at 11475( Bearish )
3) MACD -Bearish Crossover and many red ( Bearish )
4) RSI - Broken below 30% (Bearish) ,
4) RSI - Broken below 30% (Bearish) ,
5) STO - Broke below 20% and bullish crossover (Slightly 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) .
c) Price close below the baseline ( Bearish) .
Conclusion:
Bearish
Testing the next support at 11354 which is next lower low.. Better hold any trading on 2nd n 3rd liner stocks temporary until the picture is clear.
Resistance- 11475 /11596 / 11695 / 11757 / 11905 / 12107 / 12187
Support - 11354 / 11200 / 11123 / 11030
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