3rd time the bear test the support zone around 8400 and bull manage to still close above. Wide range in yesterday candle ending with doji. It also closed above the mean reversion lower channel, let see how the candle work out today. Candles consolidating within the 100 and 50 day moving average.
Short term moving average : downtrend strength slowing down
RSI : -
Depth Chart : wall 7500 and 10000
Weekly Timeframe : last weekly candle closed bearish, possible evening star candle stick pattern
Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.
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