8:45 PM
Admin
SUPPORT
1
|
SUPPORT
2
|
SUPPORT
3
|
RESISTANCE
1
|
RESISTANCE
2
|
RESISTANCE
3
|
3015
|
2995
|
2965
|
3090
|
3115
|
3145
|
STI trading above its 61.8% retracement level of 3013.15 (3313.61, 2921.95), and closed well above this level.
STI formed a candlestick pattern called White Opening Marubozu 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.
For the coming week STI look volatile, because it is trading near the resistance level of 3090-3110 and face some pressure to breach this level if crossed the resistance then we can see the continue uptrend.
STI Weekly Support Levels
STI having nearest support @ 3015 below this 2995-2965 will be the support area for market.
STI Weekly Resistance Level
STI having Resistance @ 3090 and above this level it may take resistance from 3115-3145 levels.
Technical Indicators
Technical indicators suggest the impression of being in recovery mode.
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