UJJIVANSFB gave a gap up opening today, attempted a follow up BO after a recent BO that broke a long weekly base.
Volumes are showing here, this might carry ahead. Good to keep an eye for this if some supply forces it to make a handle before breaking out.
Volumes are showing here, this might carry ahead. Good to keep an eye for this if some supply forces it to make a handle before breaking out.
Comment:
Breaking most EMA supports now, the last support now at is at ~51 which was an earlier BO. Seeing the trend right now, even if it bounces from here, resistance will be at 21 and 50 EMA.
RS score has declined in past 4 weeks from 60 to 50ish. so not in a positive slope as well.
RS score has declined in past 4 weeks from 60 to 50ish. so not in a positive slope as well.
Comment:
No help from any support, Market liquidity exaggerated the fall, staying away from small finance banks as of now until they get scanned in upwards sloping RS scanner..
Just noticed, 21 DMA is below the 50 DMA for this. Not going to track this for now. Although RS is still around 50 despite this. As a sector I might keep a check on it, but not in this scrip. SFBs are out of momentum as of now.