1. Oversold RSI 1h. 2.Downtrend breakout 1hr. 3.Head and shoulders ongoing formation 5 min. 4.Market at respectable 1 hr support.
. Market has shown strong bull movement for the past 2 weeks due to strong influence of Trump and cpi. now the market has the tendency to move into the zone of consolidation and afterwards continue with bullish or bearish trend .99,755 would possibly the zone to watch for the entry till 102,856 and onwards . RSI is in the favor of bulls for now till our 4hr...
1. The market has reached a partial daily resistance at 206 from where it might show a downtrend or bear move towards the previous strong support i.e 186.14 to 183.98. 2. The RSI indicates over-bought in 4hr and the time frames below solidifying the market to act bearish for today
Correction phase has begun possibly till 2.2394/2.2598. The missing momentum over the breakout of trend shows weak bulls for now and stronger bears