Wednesday, August 25, 2010
NIFTY EOD Analysis as on 25th August 2010
Red Candle showing selling pressure. Volume was average. Price is falling after tweezer top confirmation.
EMA3 is above EMA13 (+).
Slope of EMA 13 is flat.(~) EMA 13 is at 5475 level.
EMA13>EMA39.(+)
Answers for Yesterday
Today's Bearish Signals:
1) Close was below EMA 13.
2) Price falling after tweezer tops, so got confirmation of a downtrend.
Bears had their day today. Volume was good too. Is this a sign of more downside? as price is falling after twezer top confirmation yesterday. Will Bulls halt the downside?
Questions
What is going to happen next? Let's wait and watch.
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