On Friday Nifty has closed exactly at 200 SMA and formed a hanging man. A few days back there was a huge spike in VROC at 200 EMA indicating that it has pushed the resistance and now it has become support.
However we have VROC closing below the zero line on Friday. Negative values are indications of the weakening of existing trends.
Three important factors to consider:
1. Closed just below 200 SMA
2. Formed a Hanging Man
3. VROC closed negative.
Watch the next couple of days for confirmation of a reversal.
However we have VROC closing below the zero line on Friday. Negative values are indications of the weakening of existing trends.
Three important factors to consider:
1. Closed just below 200 SMA
2. Formed a Hanging Man
3. VROC closed negative.
Watch the next couple of days for confirmation of a reversal.
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