Thursday’s rebound from the head and shoulder neckline followed by rebound from the sub-50-DMA levels today suggests the bears may have run out of steam.
A daily close above the rising trend line hurdle of 7360 would open doors for revisit to record highs around 7450.
On the downside, only a break below H&S neckline would revive bearishness.
A daily close above the rising trend line hurdle of 7360 would open doors for revisit to record highs around 7450.
On the downside, only a break below H&S neckline would revive bearishness.
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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.