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ssvirdi

Weakness in Nifty Oil and Gas Sector

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Nifty Oil & Gas Index (NSE:NIFTY_OIL_AND_GAS)  
ssvirdi Updated   
NSE:NIFTY_OIL_AND_GAS   Nifty Oil & Gas Index
Trend Analysis Moving Averages Beyond Technical Analysis gmma guppy movingaveragecrossover crossover oilandgas Contains image
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trendanalysis movingaverage beyondta gmma guppy movingaveragecrossover crossover oilandgas containsimage
Chart type - Heikin Ashi
Time frame - Daily
Indicator - Guppy Multiple Moving Average

Today we have a Red HA candle with a strong body which shows a countable decline in the momentum. Also a day before we have a doji candle at the top of the uptrend which is a sign of trend reversal. But I wait for the bearish crossover or a strong breakdown of the moving averages.
Comment:
Today we have a green HA candle with a weak body.
The price tries to hold its uptrend.

snapshot

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