| DAY VALUES | |||
| HIGH | 6301 | 5 EMA | 6189 |
| LOW | 6232 | 5 DMA | 6200 |
| CLOSE | 6241 | 10 DMA | 6132 |
| HI EMA | 6229 | 20 DMA | 6115 |
| LEMA | 6169 | 34 Hr MA | 6208 |
| Week Values | |
| HIGH | 6301 |
| LOW | 6150 |
| CLOSE | 6241 |
| HI EMA | 6232 |
| LEMA | 6055 |
| 5SMA | 6122 |
| 5EMA | 6153 |
As per Hour/Day charts, the Channel support is at 6190-6200 levels - 34 Hr EMA, Day HEMA, Current WeekHEMA.
EOD close below Day HEMA is required for a pause in down move. Also the previous weekly candle has been a MARUBOZU (CLICK HERE)- which is highly bullish - though the week closed below Week HEMA - calling foe sell on rises. Today being EOW - todays close above week HEMA would be highly bullish and would invite new highs.
| TRADE | STOPLOSS | REASON FOR Stoploss |
| Aggressive Buy @ 6240 - 6250 levels | Hourly close below 6230 | Day HEMA/WeekHEMA |
The SL is changed from EOD close to Hourly close as it is an Aggressive buy.
No comments:
Post a Comment