Divergence . and Key area , Proper H&S pattern forming. Will wait and see what happens. Waiting for a break and double top(maybe)
Broken Channel Resistance, Headed to close Gap at Confluence of 1618
Need to study a bit more. And reduce the extra indicators. If shorting, i would would be happy to see it to go upto 9650. And if long it would close the GAP and move upto 9850. Need A bit help to on this one. What do you think ?
We may see this index going down in first quarter of next year! ( or maybe NOT ). For reference n check later on.
One possible outcome. Just for reference and validation later on.
Waiting to see if this analysis holds the ground. Low RSI, MACD, Double bottom, Price Will try to revert to Moving average.