developed an 'evening star' pattern in daily chart
, which is a very strong bearish
signal. Ahead of Ayodhya verdict, market is selling off from the strong selling zone near all time high. There is a strong possibility of an extreme volatile market in the coming days due to the high sensitivity of the issue.
If price breaks the blue trendline
, I am anticipating a downward rally till price reaches the strong buy zone as marked in the chart.
Also, a clear bearish
divergence in MACD
histogram has developed in daily chart