Criteria for another Bull market in Stock market of Sri lanka
1. Need to close few more Green candles above 9150 in monthly chart & It should protect 21 EMA in monthly chart
2. RSI should be more than 50 in monthly chart
3. Finally monthly candles should break strong resistance level 10650
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
1. Need to close few more Green candles above 9150 in monthly chart & It should protect 21 EMA in monthly chart
2. RSI should be more than 50 in monthly chart
3. Finally monthly candles should break strong resistance level 10650
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
Trade active:
As per monthly chart, ASI has started a new bull cycle.
Trade active:
Previous strong resistance is now act as a support line.
Comment:
ASI closed monthly candle below the resistance line again.