8:38 AM
Admin
After 3 weeks, STI closed above the 3010 levels and crossed its 3015 which is 61.8% retracement level for STI it touched and closed near to that level.
It’s a 7th straight gain in STI and its formed a bullish candlestick pattern called White Opening Marubozu it is a single candlestick pattern characterized by a long white body. It has an upper shadow but no lower shadow. This is a strong bullish candlestick pattern.
STI trading above 3000 mark today which is good recovery sign, if it will sustain above this level then shortly will see more upside trading in STI.
STI Intraday Support Level
STI having nearest support @ 2995 level and below this level it can take support @ 2960-2940 will be the support zone for STI.
STI Intraday Resistance Level
STI having Resistance @3025 and above this level it may take resistance @ 3040-3060 levels.
Technical indicators
Technical indicators are seem to recover from lower levels on charts.
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