The Index is trading at a higher level and at a higher level we have seen a shaven head. Shaven Head indicates that open and high are similar, which says that the seller came into action when the candle opened. This level is going to be the next resistance level for the index.

At a higher level we have seen a divergence as well. Price is rising and the Rsi is not supporting. This suggests that sooner we might see prices falling.

MACD : MACD is flatten which is also not moving with the price.

The Index is expected to correct from this level.

Fast EMA has flatten and Slow EMA is also flatten suggesting that the index may sonner be flaten or change the trend.

Sell

Jul 27 2021

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