Rubber : Technical View : 15.11.2019
* On the daily chart, the price has closed with negative note in the previous session.
* However, the price has taken the support from the Horizontal Trendline, which may
support the counter.
* Moreover, It has also moved above the 21*50 days SMA’s and Parabolic Sar, which
supports for short term.
* Momentum indicators RSI(14) has shifted at oversold region, which could cap the more
selling in the counter.
* With these technical analysis; we expect bullish move on the counter.
* However, the price has taken the support from the Horizontal Trendline, which may
support the counter.
* Moreover, It has also moved above the 21*50 days SMA’s and Parabolic Sar, which
supports for short term.
* Momentum indicators RSI(14) has shifted at oversold region, which could cap the more
selling in the counter.
* With these technical analysis; we expect bullish move on the counter.