Trying to find Supports/Resistance for the current Trend

5 EMA (High-Low)

[wp_ad_camp_5]

1)5 EMA (High-Low)Shows resistance above 4443 and 4582
2)Daily Trend indication is downwards until it retains above 5 EMA(low) – 4443
3)Retaining above 5 EMA(low) indicates a sideways movement between 5 EMA(Low-High)
i.e between 4443-4582 for couple of days

5/13 EMA Indicator

[wp_ad_camp_5]

1)Indicates Daily trend is down as it the daily candle closes below 5 EMA
2)Base trend support at 13 EMA 4372.
3)Still Now no bearish 5/13 EMA crossover

Overall

1)Both the strategy producing mixed signals.
2)Both the strategy will indicate a sell signal if closes below 4372 on EOD basis
3)Both the strategy indicates a neutral(sideways) to buy signal if closes above 4496
which could act as a resistance for current downtrend journey

Related Readings

1. Simple Rules to Trade Using 5 EMA(LOW-HIGH)
2.Fibonnaci Support and Resistance Level Update for Sensex