INDIA VIX is a kind of indicator/index that measures in the markets. Lower/Degrading shows bull run in the markets. Higher/Upgrading suggests bear run in the markets.
According to the weekly charts, a head and shoulder type of pattern can be seen. Head and shoulder pattern suggests downward trend in the market.
This shows that there are high chances of a good bull run in coming weeks. Hence, one can look for buying opportunities.
Remember, flat charts of shows indecisive markets, and flat markets. Hence, one needs to be really stock-specific if there is a flat trend on INDIA VIX charts.
FOLLOW IF YOU LIKED THE ANALYSIS. LET ME KNOW IN THE COMMENTS WHAT YOU THINK ABOUT THIS.