After completing its pullback towards the daily time frame Kijun support it has reversed and appears to have a given a breakout in hourly time frame. If it holds above 574 it could continue its rally till 675 with a minor resistance at 625.
In monthly time frame every time in the past whenever price has had a big gap with its Kijun the trend has reversed. Once again we are witnessing similar kind of extreme range levels. Since this is monthly it could take its time, a weekly close below 495 would be a trigger for retracement till 425-400
Keeping the cloud in mind, and with a great amount of respect to it, TEN-KIJ is moving to a new high to provide us a strong buying signal.
Support will become resistance taking a down move.
If we check on the previous crossing of TEN-KIJ, it was in the KUMO which means no trading zone.
We can see that the price, TEN-KIJ, and KUMO are not moving in a stable pattern.
The KUMO kept on switching between Support and Resistance with a gapped price movement.
The price movement will make a new high.
TEN-KIJ are moving upwards, at this...
Previously, the TENKEN and KIJUN crossed giving a strong buying signal.
Both are moving upwards to the cloud.
Price and TEN-KIJ are syncing!
The price movement will make a new high and will give another strong buying signal.
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The MID Cap index took support and bounced back. The level from which the index bounced was very strong inflection point. Two back to back bullish candle with good volumes indicates real interest in the stock. Moreover there is a long term positive signal in RSI and MACD is positive with bullish bias. All these indicate that mid caps may pick up pace in coming weeks.
Only for education and information purpose. Should not be taken as a trading call.
CLOSING ABOVE 50 WILL GIVE A GOOD MOVE IT UP TO THE RANGE OF 70, 74
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