DSEX & Market Summary on 02-11-16

As expected market gave a couple of green candles and the latest one, means today's candle was a strong Marubuzo Candle with a considerable amount of Turnover but still 10% lower than last 1 month average TO. Volume was also lower than the average but higher than last 2 days volume which signaling Bull is not that weak. Like i stated on the earlier post that market lost it upward momentum but it's still not a downtrend, so next few days movement will decide whether it's going to resume the uptrend(for which index need to close above the trendline) or create the downtrend.














N.B. Technical analysis is a study of probability, it is not a rocket science. A Technical analyst can be wrong. Please be reasonable and trade as per what you see not what other people see. 


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