Today's price action has signalled that market remains strong and likelihood of 5900 getting tested in April series has become quite high:
Yesterday's Post:
.png)
And today, we not only traded above the descending white channel but closed decisively above the green channel as well:
.png)
And so far,the Hour Charts have not shown any negative divergence( Price-momentum):
.png)
And though some of my learned friends believe that 5792 would not be breached, I believe that we may even test 5900 -- though this upmove to 5900 would be a foxy one as it is Yb that is in play---
.png)
And 20DMA at 5779 (also 76x76=5776) is likely to give strong resistance.
For next two days I believe we may keep hovering in 5700-5775 range
At EOD today, 5 minute charts were showing a clear negative divergence:
.png)
And I expect the dip to be contained by yellow or white channels
And this dip should be used to get rid of short positions and create long positions with a Stop-loss at 5675 and target 5900.
.png)
Yesterday's Post:
.png)
And today, we not only traded above the descending white channel but closed decisively above the green channel as well:
.png)
And so far,the Hour Charts have not shown any negative divergence( Price-momentum):
.png)
And though some of my learned friends believe that 5792 would not be breached, I believe that we may even test 5900 -- though this upmove to 5900 would be a foxy one as it is Yb that is in play---
.png)
And 20DMA at 5779 (also 76x76=5776) is likely to give strong resistance.
For next two days I believe we may keep hovering in 5700-5775 range
At EOD today, 5 minute charts were showing a clear negative divergence:
.png)
And this dip should be used to get rid of short positions and create long positions with a Stop-loss at 5675 and target 5900.
.png)
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