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Overbought to oversold?

Long
Nifty 50 Index (NSE:NIFTY)  
wrightresearch  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns
5
0
trendanalysis chartpattern
Nifty has quickly gone from overbought to oversold, crossing 100 EMA and 50% Fibonacci retracement level from July levels. RSI has touched 0!
Unless the new virus situation really escalates over the weekend, the index is ripe for a rebound.
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