A tall shadow suggests the Sensex is also likely to retrace, to test its new support level at 30000. Respect would confirm the primary advance. Declining Twiggs Money Flow indicates medium-term selling pressure but the long-term signal remains bullish. Target for the advance is 32000*.
* Target: 29000 + ( 29000 – 26000 ) = 32000
May 22, 2017 at 04:16AM
from ColinTwiggs
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