The following is observed in the May series :-
1. MACD reversal on weekly chart from the zero line.
2. Well close above 3980 which was previous 2 years resistance.
3. RSI is above 60 which can be considered bullish for May series.
4. Stock started secind wave in May series.
So, as per trading setup, 4200 and 4500 and positional target 5000 can be seen in May series.
1. MACD reversal on weekly chart from the zero line.
2. Well close above 3980 which was previous 2 years resistance.
3. RSI is above 60 which can be considered bullish for May series.
4. Stock started secind wave in May series.
So, as per trading setup, 4200 and 4500 and positional target 5000 can be seen in May series.