DJI repeating history. Might be near bottom if it sustains current levels and bounce back.
Broader Index Down Since Yr 2018. Then tried to breakthrough in Jan 2020 Broader Index Seem in Uptrend now. With Above All DMA's RS Like is also Increasing.
NSE:HCLTECH Weekly Chart
NSE:ADANIENT CNX500 Abv 50 EMA
Taking support of the lower level in channel with rising volume RS Bounced back RSI is neutral Wait and Watch.
Stopping Volume 5 times average 50D. Narrow range candles. Nearing Support L
RSI Rising Price Abv 13&40 W EMA Volume Expansion more than 300% RS Increasing.
RSI Rising HH HL Price ABV 65&200 D EMA Volume Expansion RS Rising Since March 2019
Addon for earlier Analysis of the same on weekly chart.
RSI Rising HH HL Price ABV 13&30 W EMA Vol Expansion 03 DEC 18 and 2017 FEB 2020 RS rising since DEC 2018
NSE:ITC Possible Range Play between Support Resistance Marked on the Chart. More Down Side Expected In the Stock.
Uptrend Since 04 FEB 2020
Very Strong Index in Uptrend since Jan 2020 Further Study Required in this index stocks.
Its seems in Uptrend 24 Jan 2020
Sector In Below Seems Week will pass for now.
Strong Sector Uptrend Further Analysis required
NSE:NIFTY Sector In Downtrend. Not A Strong Sector To Invest Money In.