Daily Chart
A hammer formed at significant support -- the neckline and 50 dema raises hopes of a significant bottom having been established.The bullish hammer formation shows the bulls taking upper hand by pushing the prices to the top of the range at close.This reduces the confidence of the bears.
Today's trade would confirm whether the hammer is indeed bullish. A higher open and higher close today could be bullish for the days to come.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
No comments:
Post a Comment