Sensex has felled by almost 200 points from the past 1 month. It is just moving almost in a SIDEWAYS trend. Is this happening because of the excessive valuation of sensex ??? Acc . to RBI the valuation of SENSEX AND NIFTY are higher than expected. Is this the cause of this SIDEWAYS/DOWNTREND ??
Berger paints as on 17/5/21 CONDITION 1 1. Current Trend: Sideways 2. Trading near its resistance level. 3. Tested resistance level many times. 4. Resistance level: Around 770 5. support level: Around 700 6. RSI > 60 7. MACD: Fast length above the small length 8. Volume: Higher volumes past two days Thought process: If the price in near future breaks resistance...