CMP: 5248.15
Will be on the road for the next 2 days, so gonna keep this short...
Supports : 5220 / 5183
Resistances : 5256 / 5283 / 5310-5334
SMO SAR VERDICT:
SMO SAR EOD = 5265 (will give 5-10DEMA Bull x-over)
On the other hand, Close below < 5220, will change the sign of dy/dx back to -ve
SMO SAR Hrly = 5236 (will change direction of 5HrEMA to -ve)
1. Price closed > 5DHEMA @ 5243 (v bullish close on Day TA)
2. On Hrly TA, the 5-10HrEMA gave the BULL x-over & generated buy @ 5241 (also was 2 half hr price closes > 34EMA,30mins)
3. Trade has morphed into Swing as on Day TA
(i) Price close > 5DHEMA
(ii) (dy/dx) of 5DEMA changed signs to +ve
CARRY LONGS created from 5241 for
Tgts 5310-5334 ,
SL : 5220 (34EMA,30mins)
cheers
Will be on the road for the next 2 days, so gonna keep this short...
Supports : 5220 / 5183
Resistances : 5256 / 5283 / 5310-5334
SMO SAR VERDICT:
SMO SAR EOD = 5265 (will give 5-10DEMA Bull x-over)
On the other hand, Close below < 5220, will change the sign of dy/dx back to -ve
SMO SAR Hrly = 5236 (will change direction of 5HrEMA to -ve)
1. Price closed > 5DHEMA @ 5243 (v bullish close on Day TA)
2. On Hrly TA, the 5-10HrEMA gave the BULL x-over & generated buy @ 5241 (also was 2 half hr price closes > 34EMA,30mins)
3. Trade has morphed into Swing as on Day TA
(i) Price close > 5DHEMA
(ii) (dy/dx) of 5DEMA changed signs to +ve
CARRY LONGS created from 5241 for
Tgts 5310-5334 ,
SL : 5220 (34EMA,30mins)
cheers
bhaiya,
ReplyDeletetum nikle aur market lower trendline pe aa gaya :) :)
trainge target met @5070.. lets see where it goes from here :) :)
but the lower trendline should support this and Monday could be a very very decisive day for BULLS. Since we already closed below 200 SMA and if we close on MOnday as well we will see ourselves @4900-4800 very very soon :) :)
Till then enjoy your weekend and i hope your trip was fruitful!!!
yo sachin bhau,
ReplyDeletehru ? Am back after a rigorous few days @ site.
market has taken a Bearish turn for now , if we find support @ 5030-5060 , then we may see a good upside in play
Will update over the weekend , have fun :-)
cheers