SGX NIFTY
The october 2021 peak is now being tested which is in the range of 18500-18600.
Volatility, correction and consolidation can be said to have happened in last 1 year.
RSI is above 50 therefore trend is up
Lagging is showing an up trend as Blue Line > Red Line.
If breakout and close above 18600 is witnessed in near term successfully then expect a rally to 20695.
If market has to react down then it can be now for correction or volatility otherwise expect
market to move higher once breakout is witnessed in sustained manner above 18600.
The october 2021 peak is now being tested which is in the range of 18500-18600.
Volatility, correction and consolidation can be said to have happened in last 1 year.
RSI is above 50 therefore trend is up
Lagging is showing an up trend as Blue Line > Red Line.
If breakout and close above 18600 is witnessed in near term successfully then expect a rally to 20695.
If market has to react down then it can be now for correction or volatility otherwise expect
market to move higher once breakout is witnessed in sustained manner above 18600.