Hi Guys, Today I SHare My View on the NSE:CNX200 Index Explanation in Simple Way: It looks like a Rising channel pattern
hey friends here is my technical analysis for CNX200 Which Shows MACD DIVERGENCE RSI DIVERGENCE And a Classical double top pattern which suggest downward momentum. *Note- not a financial advice*
A Bearish Engulfing pattern formed at the top of channel is a important point to note on the chart. Fresh long entries should be avoided right now until a fresh high breaks. On the other side if current formed low breached markets may see the lower lows coming forward. Study the charts on indices carefully. Strategy : FRESH LONGS + BUY PUTS , Only BUY + Strict...
This Index comprises of all the stocks that are in futures segment, and more at this point.