Friday’s break below rising trend line followed by failure to retake the same on Monday and Tuesday coupled with bearish 5-DMA and 10-DMA crossover suggests the index could test 50-DMA support of 7200.
On the higher side, only a daily close back above the rising trend line would revive bullish view.
On the higher side, only a daily close back above the rising trend line would revive bullish view.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.