BAJFINANCE HOURLY CHART looking weak
A move below 1830 might test support trendline.
Weakness:
1. SMA(50) crossed below SMA(200)
2. MACD(12,26,9) looking weak. Weakness will be confirmed if it crosses below Zero.
3. ROC(5) crossed below Zero.
4. RVI(10) crossed below 50.
Worry:
1. Volume is also low meaning consolidation is in progress.
Conclusion: Watch volume.
This CHART is for Educational purpose only.
Weakness:
1. SMA(50) crossed below SMA(200)
2. MACD(12,26,9) looking weak. Weakness will be confirmed if it crosses below Zero.
3. ROC(5) crossed below Zero.
4. RVI(10) crossed below 50.
Worry:
1. Volume is also low meaning consolidation is in progress.
Conclusion: Watch volume.
This CHART is for Educational purpose only.
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