Nifty 500 Index
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Market Internals suggest WEAKNESS

ที่อัปเดต:
CNX500 Relative Strength

Attached: Nifty 500/ Nifty 50 Daily Chart as of 21st March 2023

- I am watching this Ratio Chart to turn down after Retesting a Confluence Zone
- Its looking Bearish currently post a Rising Wedge breakdown and Three Black Crows candlestick pattern
- It signals Weakness in the Broad Market relative to the Index.
- This Chart had Topped out in Sept 2022 and since then there has been Under the Hood Selling in the Market.

This is a Leading Indicator of the Broad Market Strength/ Weakness
And comes under the Study of Intermarket Analysis
บันทึก
Broad Market is Weaker than the Index

Analysis playing out as Expected
bearmarketBeyond Technical AnalysisChart PatternsNifty 500correctionmarketbreadthNIFTYStocksTrend Analysisweakness

Siddharth Bhansali

✔️Twitter Handle @T_Harth

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