Downtrend is nearing to its final stages,
We could fall to 5500 -5600 levels then a rally to 7200-7300 levels is possible.
There is strong resistance at 7100-7200 levels and it wont be broken easily
Using Pitch fork we can see that there strong support is in 3000-4000 area and markets will stabilize in those ranges and accumulation will happen for a 6-9 months
We could fall to 5500 -5600 levels then a rally to 7200-7300 levels is possible.
There is strong resistance at 7100-7200 levels and it wont be broken easily
Using Pitch fork we can see that there strong support is in 3000-4000 area and markets will stabilize in those ranges and accumulation will happen for a 6-9 months