The bearish candle has been formed in the last trading session. It resembles a harami pattern.
The pink line indicates the current trend of the market where consolidation will happen.
If it breaks at the top pink line with a strong volume then 39300 will be the target and if it breaks below the pink line then 38500 will be the support.
Green Path indicates levels for Bullish,
Orange Path indicates levels for consolidation,
Red Path indicates levels for bearish.
The pink line indicates the current trend of the market where consolidation will happen.
If it breaks at the top pink line with a strong volume then 39300 will be the target and if it breaks below the pink line then 38500 will be the support.
Green Path indicates levels for Bullish,
Orange Path indicates levels for consolidation,
Red Path indicates levels for bearish.