Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a breakout post accumulation for last 190+ bars (approx. 1 year). Volumes are high which supports the breakout. Moreover, close price is near the high of the candle. RSI above 70 indicates high momentum.
NO CHART ANALYSIS FROM A LONG TIME.
I ALWAYS WAIT FOT YOUR CHART
kalyanganguly
⋅
@woolmarketing1, your comments mean a lot to me. Market is too volatile and there seems to be a short term bearish mood. So I am waiting until the bearish mood goes away.