Hal, why it will move tomorrow?As you can see yellow, blue, red and green candles rather than simple red and green candles what this indicates, lets understand step by step:-
1.yellow candle means rsi is greater than 60
2.blue candles means rsi is less than 40
3. normal green and red candles means rsi is in between 40 and 60
Analysis:
1.As you can see visually see candles are basically yellow, green and red but if you see last two candles they are blue and green .
it means stock has been strongly in uptrend, rsi has been remained mainly above 60 line but in 2ndlast candle color got blue, it means rsi moved below 40 rsi line but in next candle it became green.
this is tendency of stocks that when it is in strong trend and a sudden fall comes, it pullback itself strongly.
2. 2nd reason is that stock is on trendline support
3. bullish hidden divergence
4.buy sell pressure indicator zero line support
