MARKET FORECAST
STI breached its both major support levels 1st its 61.8% retracement @ 3058.60 and 3055.56 which is its 200 Day MA level, and after that it
were took support near to given support level of 3020 @ 3017.01 levels , but now it is in bearish zone and now it can move more 100-150
points from this level.
STI breached its both major support levels 1st its 61.8% retracement @ 3058.60 and 3055.56 which is its 200 Day MA level, and after that it
were took support near to given support level of 3020 @ 3017.01 levels , but now it is in bearish zone and now it can move more 100-150
points from this level.
SUPPORT
From this level STI having major Support comes @ 2990 level and if STI can sustain this level than it can move more down side up to 2950-
2920
RESISTANCE
STI having Resistance @ 3056 its 200 Day MA level and if sustains this than can go for 3070-3100
TECHNICAL INDICATORS
MACD and RSI indicators are in bearish zone, RSI trading below its oversold level @ 26.39 and MACD is also in bearish zone.
No comments:
Post a Comment