- The chart clearly indicates that the index is experiencing a robust uptrend.
- Earlier, the price formed a bullish Pole & Flag pattern and surged upwards after breaking out.
- The index encountered a strong rejection near the 58,000 level, leading to a correction and deep consolidation.
- Despite attempting to surpass the resistance level, the price failed.
- Following a recent breakout, the price has successfully maintained its position above the breakout level, signalling a positive trend.
- Additionally, the current RSI is above 60, indicating the strength of the index.
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🌐 goodluckcapital.com
🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.