SBIN took support at 20 EMA…
Reasons/Traits :
• Took support at 0.382 fib retracement level
• Above 20 EMA
• Strong up move, force index 3 is less than 0 and force index 13 is greater than 0
• ADX 20 is greater than ADX 30 as well ADX DI + > ADX DI -
• Force index 3 is greater than 0 and Force index 13 is less than 0
• VWMA is greater than 100
What can happen...