DLF CMP 871
Fib - though the correction has halted at 38.2% from a higher swing which is strength. There is one very major point to be noted. the time correction is very long and that is not good news.
Trendline- the break of the trendline and retest is telling me to be careful.
RSI- every rally is unable to move above the bear zone. this is again negative. Therefore the negative divergence on the highs should be taken seriously.
Conclusion - to me this consolidation is distribution.
Fib - though the correction has halted at 38.2% from a higher swing which is strength. There is one very major point to be noted. the time correction is very long and that is not good news.
Trendline- the break of the trendline and retest is telling me to be careful.
RSI- every rally is unable to move above the bear zone. this is again negative. Therefore the negative divergence on the highs should be taken seriously.
Conclusion - to me this consolidation is distribution.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.