market has reversed from a very strong support trendline recently indicating potential upward momentum. This trendline had previously been tested 3 times & each time market went significantly upwards afterwards
STRONG RESISTANCE TRENDLINE -
market is also nearing a strong resistance trendline which had been tested earlier by forming a double bottom pattern
OVERBOUGHT INDIAVIX -
indiavix has recently become overbought indicating correction which in turn will cause the market to go upwards