FABL DAILY
Scrip is Bullish on HTF i.e. Weekly and Monthly and LTF as well BUT it is Bearish on DTF, H4 and M15 Time Frames due to the following reasons: -
Candles are engulfed in the cloud
Formation of a RED cloud ahead, though it is not very dense
Base Line is ABOVE Conversion Line.
Lagging Span has also pierced the candles and if the scrip remains in the consolidation / rangebound state, may inevitably pierce the cloud as well.
BB was slanting downwards, which has recently changed its angle to horizontal.
Daily RSI Value 53.43
ADX 14.56
+DI is ABOVE -DI, BUT with meager margin
The +ve point is that the Conversion Line has changed its angle and started to move Up, which if it continued will result in its crossing with the Base Line and pave way for the scrip's upward movement.
Candles are engulfed in the cloud
Formation of a RED cloud ahead, though it is not very dense
Base Line is ABOVE Conversion Line.
Lagging Span has also pierced the candles and if the scrip remains in the consolidation / rangebound state, may inevitably pierce the cloud as well.
BB was slanting downwards, which has recently changed its angle to horizontal.
Daily RSI Value 53.43
ADX 14.56
+DI is ABOVE -DI, BUT with meager margin
The +ve point is that the Conversion Line has changed its angle and started to move Up, which if it continued will result in its crossing with the Base Line and pave way for the scrip's upward movement.
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