DAY VALUES | |||
HIGH | 6191 | 5 EMA | 6187 |
LOW | 6133 | 10 EMA | 6203 |
CLOSE | 6139 | 5 DMA | 6201 |
HI EMA | 6227 | 10 DMA | 6237 |
LEMA | 6177 | 50DMA | 6142 |
Hour TF is Highly Oversold exhibiting + ve Divergence.
The Last hope for the Bulls is Holding on to 6120 levels. Break down of 6120 would be a catastrophe.
Weekly Supports: - Week 5 SMA - 6131
Day Supports - 50 DMA - 6142
TRADE | STOPLOSS | REASON |
buy above 6150 | EOD close below 6140 | 50 DMA |
Sell below 6140 | EOD close above 6150 | 50 DMA |
Prudent to wait at least for 2 hour close above 5140 to initiate a buy | ||
Prudent to wait at least for 2 Hour close below 6150 to initiate Sell |
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