The Index is trading near its high. There is a good buying opportunity seen in the index after the breakout of the wedge. A rising Wedge breakout on the upside has a comparatively higher failure rate compared to the breakdown on the downside. We would suggest entering the position long in the index if the index is able to close above the high.

The RSI is following the price and is trading at 64. We expect that it will touch 84 levels only if the index is 

Advice : Buy if the mentioned condition is fulfilled.

US2000

Nov 02 2021