LTP - 3272.80 Resistance - 3308.95 Support - 3046.80
Daily charts (long term) 100 DEMA, 50 DEMA, 20 DEMA, 10 DEMA, 5 DEMA are arranged in a bullish pattern. Volume is in green with good momentum. MACD is bullish. RSI is bullish.
Hour charts (medium to long term) Clear uptrend is seen. DEMA are aligned in a bullish pattern but 5 DEMA is going sideways which means we might see a small correction. MACD is in the bullish zone but is going sideways. RSI has attempted a double bottom which is a strong bullish pattern. Divergence has a bear sign but looks like it has failed so we will not consider it.
15m (Intraday) 5 DEMA is having a bullish crossover in the last candle. MACD is in the bull zone with a sideways trend but the red candle are fading which is a good sign. RSI has made a bullish reversal at 50 levels.
Overview: This script is trading very close to it's breakout level which is 3308.95 with a strong bullish chart.
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