On the Brink of Change in Trend.

8 Apr 2023

Each vision that said it would be a whipsaw at the end has gone hugely and drastically wrong, while the Index that was till far coinciding with DJIA and SPX beautifully has completely taken a turn on another pathway, they had a weaker week while NSEI moved momentumizingly strong and great velocity. The fundamentally factorising RBI policy that gave a 100 points 1 minute candle or whether FIIIs buying huge lots of Longing Index Options And futures they are all signs of the last breadth of relief there has to be accumulated over daily time frame where the trend-line is yet to receive a breakout and weekly timeframe the RSI is yet to go beyond 50 mark. The 17 EMA and 43 EMA which are considered apt indicators for trend reversals at Intermediate Time Frames, have just changed routes from a death crossover. That is the ultimate indication of 18000 levels ain't far.