CMP-369.5
As discussed yesterday, the last hour buying resulted into uptrend whole day. current closing is at 100days EMA(370), which is a good sign. both RSI (56) and MACD had improved (increasing height of green histograms). next level resistances stands at 371 where it had observed multiple rejections. and above that 375 and 383(which is the Fibonacci retracement level .618).
today also buying was strong in last hour of trade, this would translate into numbers in coming day. stay invested, keep patience.
As discussed yesterday, the last hour buying resulted into uptrend whole day. current closing is at 100days EMA(370), which is a good sign. both RSI (56) and MACD had improved (increasing height of green histograms). next level resistances stands at 371 where it had observed multiple rejections. and above that 375 and 383(which is the Fibonacci retracement level .618).
today also buying was strong in last hour of trade, this would translate into numbers in coming day. stay invested, keep patience.