In last 20 days market moved up by 700 points ...but Tatamotors is there only
see 20 DMA converging towards 50 DMA
Since 30 days distribution is going on at very slow pace
MACD slowly going down
money flow index showing that money is going out from market
RSI trading just below threshold and slowly moving to down side
Today it self market moved up by 1 % but scrip is in red ...
volume is not there ...
one more chart ...showing software generated sell signals
see at weekly chart when macd histogram turned red tatamotors fell...I connected through black vertical lines
In the futures segment, open interest data need to be read along with price changes in the futures contract. A rise in open interest in a futures contract along with its price indicates bullishness, which means investors are creating long positions. Investors may benchmark the price changes in the futures contract to the underlying (the cash market).
in futures OI is decreased drastically ..10 % or 1197000.....its a big figure and giving highly bearish signal ..
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