The charts clearly shows short term bearish RSI divergence coming in the way of a Rising Wedge pattern on the Daily charts of SGX Nifty.
Last week Friday ended up forming a Spinning Top in SGX Futures while Spot formed a Grave Stone Doji.
These are early waring signals that we may witness a downside as the market finds immense pressure at the moment to continue its upside.
Breakdown awaited.
Last week Friday ended up forming a Spinning Top in SGX Futures while Spot formed a Grave Stone Doji.
These are early waring signals that we may witness a downside as the market finds immense pressure at the moment to continue its upside.
Breakdown awaited.