ZENSARTECH 1D: Long Lower Wick at the EMA 200Zensar Technologies LimitedNSE:ZENSARTECHdgupta88ZENSARTECH on the daily chart pulled back to its EMA 200 and closed above it. The average is drawn as TradingView's own study; the marks are the chart's earlier tests of it. On the chart The low of 4 Nov 26 went through the EMA 200 and the candle closed above it - a red candle with a long lower wick. The three daily candles before it all closed above the average. Honest record on this chart: of 2 earlier tests from above old enough to count, 0 held for ten daily candles and 2 closed below within ten. The most recent test (3 Nov 26) is under a month old and not counted. Next on this chart Daily closes above the EMA 200 keep this test alive. A daily close below it makes this one more test that gave way. Whichever comes first gets an update under this idea. Your read? A red candle with a long lower wick at the average: demand stepping in, or the fall just pausing? Part of "NSE Averages · daily" - an update follows either way. For study only. Not investment advice. The author is not SEBI registered.