It is a warning sign as Sensex has broken through its medium-term support at 14000 and thus it is signalling that Sensex may test support at 12000.
Another factor which indicates the same is bearish divergence being shown on Twiggs Money Flow (21-Day) and thus Sensex touching the levels of 15000 is highly unlikely. If Sensex crosses 15000 level than it will indicate another primary advance.
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Another factor which indicates the same is bearish divergence being shown on Twiggs Money Flow (21-Day) and thus Sensex touching the levels of 15000 is highly unlikely. If Sensex crosses 15000 level than it will indicate another primary advance.
Click here to Get Sensex Future Direction in Email
