Diamond : Technical View : 19.11.2019
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*On the daily chart, the price closed in a
positive note during the last session.
*However, It has sustained above the 21*50 days SMA’s and Parabolic Sar, which signifies bearish strength for the short term.
Furthermore, the price has sustained above the Falling Trendline, which adds support in the counter.
Momentum indicators MACD has crossed above the zero level, which indicates Fall
As per the above technical structure; we expect bearish move in the counter. can expect 3589 levels
*However, It has sustained above the 21*50 days SMA’s and Parabolic Sar, which signifies bearish strength for the short term.
Furthermore, the price has sustained above the Falling Trendline, which adds support in the counter.
Momentum indicators MACD has crossed above the zero level, which indicates Fall
As per the above technical structure; we expect bearish move in the counter. can expect 3589 levels