A single day fall of 400 point was seen in the index the day after the fall the index open higher then the previous day close; on intraday basis the index went down to previous low and buying pressure was seen in the index which led the stock to make its high of the day, but later sellers came in action and the index close near its open forming a shooting star; Recent candle has open higher than previous day close, expecting it to trade higher than previous. If the Index is able to close above 15470 we can expect the index to trade higher at least 200-400 point high.

The RSI is following the price; if RSI is able to close above 58 we will get another confirmation.

Advice : Buy only above the mentioned level if close

GER30

Sep 30 2021