Monthly Time Frame: Candle with with head rejection on top of market structure
RSI oversold
FII's huge selling pressure
Weekly Time Frame: Bearish medium-sized candle breaking previous two candle lows
MT Outlook: Long Unwinding
Daily Time Frame: 9dayEMA,20dayEMA broken but 50dayEMA and S1PIVOT sustains
Hourly Time Frame: Lower highs and lower lows (downtrend)
Zone to watch out for: 17516-17854
Upside Targets: 17990-18020, 17256-17318
Downside Targets: 17430,17120,16823
RSI oversold
FII's huge selling pressure
Weekly Time Frame: Bearish medium-sized candle breaking previous two candle lows
MT Outlook: Long Unwinding
Daily Time Frame: 9dayEMA,20dayEMA broken but 50dayEMA and S1PIVOT sustains
Hourly Time Frame: Lower highs and lower lows (downtrend)
Zone to watch out for: 17516-17854
Upside Targets: 17990-18020, 17256-17318
Downside Targets: 17430,17120,16823
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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.