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REBOUND ON 30 DAY MOVING AVERAGEThe NSE ASI gained an impressive 148.59 points today in an average volume trading day The Index did a fantastic rebound off its 30 days moving average in a continuation of the bull trend. This is definitely the technical rebound that I have been talking about for days. This rebound from the 30 days moving average and RSI rebounding around 50 closing at 53.17 is extremely significant as that is the short term support level for the market intermediate trend and as long as this line holds, this rally has more to go. PLEASE CLICK TO DOWNLOAD
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This commentary is not
a recommendation to buy or sell, but rather a guideline to
interpreting the specified indicators. This information should only
be used by investors who are aware of the risk inherent in
securities trading. TRW accepts no liability whatsoever for any loss arising from any use of this expert or its contents. |
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