The Gap is present here from earlier
downside move.
If market wants to fill the Gap, price
must move to the range of 153-160.
For which Reversal signs near the lower
band of the channel must be looked for.
Forget the Gap if price breaches the Lower
Band of the channel.
downside move.
If market wants to fill the Gap, price
must move to the range of 153-160.
For which Reversal signs near the lower
band of the channel must be looked for.
Forget the Gap if price breaches the Lower
Band of the channel.
Comment:
Hammer is in place. Bears are weak as of now.
Comment:
Bullish Engulfing Candle manifests. It almost engulfs last two sessions. Bulls seem to have taken over.