- I was expecting 1046 to put up a fight against the bulls but that was blown away in seconds.
- Now in daily chart it has captured the 10 DAY moving average.
- Next resistance will be around the 20 DAY moving average. still trading below 20 and 50 DMA which will be selling points.
- The hour chart is also showing a possible 20 hour moving average crossing 50 hour moving average which will also add some more bullishness to the index.
- SHOWED POSITIVE DIVERGENCE YESTERDAY CLICK HERE TO SEE THE CHART