Trend is up as markets close at new high. Advance decline was flat.
Consider trend reversal only on close below 7450 spot.
Intraday charts
Trading on 5 min charts was tricky as markets were getting increasingly rangebound in past 2-3 days. Initial buy signal failed and while there was no short signal, it was a difficult day.
On hourly charts, trend is still up with support at 7750 spot. The hourly chart is showing a beautiful trend with SL moving up in stages.
Consider trend reversal only on close below 7450 spot.
Intraday charts
Trading on 5 min charts was tricky as markets were getting increasingly rangebound in past 2-3 days. Initial buy signal failed and while there was no short signal, it was a difficult day.
On hourly charts, trend is still up with support at 7750 spot. The hourly chart is showing a beautiful trend with SL moving up in stages.
No comments:
Post a Comment