On a Daily time frame chart, the INDEX has given a breakout of Rising Wedge Pattern. In addition, the price has been rising with Higher Highs and Higher Lows formation. The daily RSI (14) has been trading above 60 marks & the DMI+ is trading above DMI- suggesting a positive trend.

Price is trading above the conversion line and base line indicating positive trend well as conversion line crossing base line indicates uptrend. Price is trading above the Clouds indicating positive trend.

Movementem Indicator MACD is showing positive move.

Rising Wege

May 23 2023