5 long legged DOJI candles have emerged in last 6 trading sessions which means lot of indecisiveness is amongst buyers and sellers. Sellers tried to bring down the market but buyers took up the challenge and maintained to close near the open.
Tug of war will give a major move in coming 10-14 sessions. Option selling is a risky business.
RSI is flat where as price has moved up considerably. It can be considered as negative divergence.
Wait for move below 13397 or clear wide range candle close above 13600 to break the indecisiveness.
Tug of war will give a major move in coming 10-14 sessions. Option selling is a risky business.
RSI is flat where as price has moved up considerably. It can be considered as negative divergence.
Wait for move below 13397 or clear wide range candle close above 13600 to break the indecisiveness.
