BNF CMP 52600
Gap support- the stock is holding above the gap support at 52580 on the daily charts.
RSI- on the weekly and daily charts the oscillator was in the bear zone while the stock nearly went all the way up to the highs.
Pattern - with all the other indicators I can also see the H&S pattern.
Conclusion - in my view the gap support will be broken and the Index will continue to fall.
Gap support- the stock is holding above the gap support at 52580 on the daily charts.
RSI- on the weekly and daily charts the oscillator was in the bear zone while the stock nearly went all the way up to the highs.
Pattern - with all the other indicators I can also see the H&S pattern.
Conclusion - in my view the gap support will be broken and the Index will continue to fall.
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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.