Under the Pressure of Bulls
Candlestick Analysis
At the End of June 16 there is a long body Red Candle showed up. Also the Market Opened Gap Down. This indicates that there are more sellers in the market than buyers. Also it not likely to be a Trend Reversal because the candle formed today must be larger than the previous two days candlesticks, if this happens it signifies a potential Trend Reversal.
Technical Analysis
Pitchfork Analysis Shows that the Price Action has Reached to the Support. ADX is no more usable because the ratings are below 25. DI+ and DI- is converging could be a start of new trend. Price Action is still gaining momentum. Volume, Volatility and Liquidity is keep on increasing, which signifies a start of potential new trend.
Fundamental Analysis
Adani Shares are still falling down and on a pressure of buying. Reliance Industries falls more and more than expected. The Four-Day Winning Streak has been broken today. Oil tanks up in demand which is moving in a great demand Oil prices are expected to rise more. Top Banks went down and again the banks are in a pressure to respond.
Summary
Candle Sticks shows there are more sellers. ADX is moving towards Ranging Market. Direction Index show there might be a new trend and Volume is increasing. Adani and Reliance shares are falling towards an extreme buying pressure.
Overall Strength is Bullish.
To Know the Most Accurate Strike Price levels check my Blog Website: cre8tivemarkets.blogspot.com
Candlestick Analysis
At the End of June 16 there is a long body Red Candle showed up. Also the Market Opened Gap Down. This indicates that there are more sellers in the market than buyers. Also it not likely to be a Trend Reversal because the candle formed today must be larger than the previous two days candlesticks, if this happens it signifies a potential Trend Reversal.
Technical Analysis
Pitchfork Analysis Shows that the Price Action has Reached to the Support. ADX is no more usable because the ratings are below 25. DI+ and DI- is converging could be a start of new trend. Price Action is still gaining momentum. Volume, Volatility and Liquidity is keep on increasing, which signifies a start of potential new trend.
Fundamental Analysis
Adani Shares are still falling down and on a pressure of buying. Reliance Industries falls more and more than expected. The Four-Day Winning Streak has been broken today. Oil tanks up in demand which is moving in a great demand Oil prices are expected to rise more. Top Banks went down and again the banks are in a pressure to respond.
Summary
Candle Sticks shows there are more sellers. ADX is moving towards Ranging Market. Direction Index show there might be a new trend and Volume is increasing. Adani and Reliance shares are falling towards an extreme buying pressure.
Overall Strength is Bullish.
To Know the Most Accurate Strike Price levels check my Blog Website: cre8tivemarkets.blogspot.com