Friday’s break below rising trend line followed by failure to retake the same on Monday and Tuesday coupled with bearish 5-DMA and 10-DMA crossover suggests the index could test 50-DMA support of 7200.
On the higher side, only a daily close back above the rising trend line would revive bullish view.
On the higher side, only a daily close back above the rising trend line would revive bullish view.
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