Daily Charts (Medium to Long Term)
RSI is still below 50
Candles are still below the 20 day moving average and the trenline
Heikin Ashi is giving us some good signals as yesterday was a confirmation candle which indicates that the correction might just be over
Market has been range bound between 14280 levels and 15350 levels since 11th Jan 21 so we cannot have an uptrend unless we break 15350 levels and close above it but this doesn't mean that we have a downtrend either, we are now going sideways
Hourly Charts (Medium to Short Term)
The downtrend line has been broken and confirmation candle was made yesterday
RSI is above 50
MACD is bullish as well
Heikin Ashi has made an upmove again followed by a confirmation candle
This means that even if we open in red, we might just push our way through as this chart shows strength
15m Charts (Intraday)
Again a clear uptrend
RSI holding above 50
but MACD showed a reversal towards the closing
We will buy on dip or as and when we see a reversal happening.
RSI is still below 50
Candles are still below the 20 day moving average and the trenline
Heikin Ashi is giving us some good signals as yesterday was a confirmation candle which indicates that the correction might just be over
Market has been range bound between 14280 levels and 15350 levels since 11th Jan 21 so we cannot have an uptrend unless we break 15350 levels and close above it but this doesn't mean that we have a downtrend either, we are now going sideways
Hourly Charts (Medium to Short Term)
The downtrend line has been broken and confirmation candle was made yesterday
RSI is above 50
MACD is bullish as well
Heikin Ashi has made an upmove again followed by a confirmation candle
This means that even if we open in red, we might just push our way through as this chart shows strength
15m Charts (Intraday)
Again a clear uptrend
RSI holding above 50
but MACD showed a reversal towards the closing
We will buy on dip or as and when we see a reversal happening.