My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
March 22, 2018
NIFTY 50 Week SMA and 4 Hour Trend
- As long as price holds above 50 Week SMA there is hope for bulls for a bounce. Only a weekly close below this line will further strengthen bears.
- 4 Hour chart with crucial moving averages shows the strength of the move. Falling moving averages shows bears in control But bulls can change this with a high velocity bounce. If the bounce lack momentum then bulls will face resistance at those moving averages.
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