March 19, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 0.6% in positive at 10532
- AD was flat

- pattern formed today was "hanging man"
- this is after a shooting star and doji formed in past 2 days
- higher highs and higher lows is still being maintained
- but patterns show signs of selling everyday (AD not supporting)

- option writing support 11000 - this has not increased. Why?





5 min charts:
- breakout from range was buy signal
- stopped out on trailing SL... minor profits
- missed the fact that 11520 would have offered support


Same chart with kplswing indicator


15 min charts:


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