Thursday’s rebound from the head and shoulder neckline followed by rebound from the sub-50-DMA levels today suggests the bears may have run out of steam.
A daily close above the rising trend line hurdle of 7360 would open doors for revisit to record highs around 7450.
On the downside, only a break below H&S neckline would revive bearishness.
A daily close above the rising trend line hurdle of 7360 would open doors for revisit to record highs around 7450.
On the downside, only a break below H&S neckline would revive bearishness.
