BSE 400 MID SMALL CAP
Negative divergence on RSI
Resistance of 6118 and 6128.
Resistance needs to get crossed for continuation
of rising trend.
Violation of trend line with bearish candle
can lead to a reversal for correction to test
the one of 5800.
Trend line are around 6000.
Volatility as long as 6000 is not violated with larger
bearish candle its ok.
Breakdown with bearish candle or large bear candle
can be confirmtion of negatative divergence.
Next few days can be critical.
Negative divergence on RSI
Resistance of 6118 and 6128.
Resistance needs to get crossed for continuation
of rising trend.
Violation of trend line with bearish candle
can lead to a reversal for correction to test
the one of 5800.
Trend line are around 6000.
Volatility as long as 6000 is not violated with larger
bearish candle its ok.
Breakdown with bearish candle or large bear candle
can be confirmtion of negatative divergence.
Next few days can be critical.