- trend is up
- now trading at all time highs
- from 27000 to 30000, index maintained higher high higher lows
- Friday we saw this break and index formed a bearish engulfing bar
- there is no swing low between 26500 and 30000
- a correction may lead to formation of a higher swing low
Daily charts:
Weekly charts:
- region of 27500-28000 is likely to offer support
- now trading at all time highs
- from 27000 to 30000, index maintained higher high higher lows
- Friday we saw this break and index formed a bearish engulfing bar
- there is no swing low between 26500 and 30000
- a correction may lead to formation of a higher swing low
Daily charts:
Weekly charts:
- region of 27500-28000 is likely to offer support
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