Technical: Moong Jaipur - Sideways Movement being witnessed

Dated 22/05/2017

Weekly Chart

Sideways movement and oscillation around the DRV is being witnessed.


MACD moving higher and stochastic is in oversold zone but price is flat.


Motion and movement has to come to take any directional call.


Overall sideways between wider band of 5500 and 4200 is likely to be witnessed.


Conclusion

Overall sideways movement in a band to be witnessed and directional call can be taken on strong move with bullish or bearish candle

As long as 5050 is not violated consolidation could be witnessed at the gap mentioned above.