Bullish trend in Development Bank, Finance, Hydro and Insurance sector

Aug Mon 2021 10:16:31

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Bullish trend in Development Bank, Finance, Hydro and Insurance sector

The state of the development bank is clearly still bullish (see Green Arrow). Histograms have been positive. This indicates that buyers are gaining ground in the sector and that demand is likely to remain high this week.

There has not been a bearish crossover in hydropower yet but it seems to be possible. Based on the drawings made by the MACD line, there is no bearish crossover but it is likely to happen in the future. This indicates that there may be selling pressure in the market.

The signal is clearly bullish crossover when analyzing microfinance. Histograms are positive. There may be buying pressure next week.

In life insurance, the MACD line has become a viral crossover. Histograms have also been negative, but as they are small, it seems that there may be a bullish crossover in some time.

Non-life insurance also has bearish crossover like life insurance. Histograms are negative, but buyers are gradually gaining ground and bullish crossovers are likely.

There is still a signal bullish crossover in the finance group. Histograms are positive. This is likely to put further pressure on the sector.