The market is testing 6850 resistance after bulls profited from earlier positive divergence by the RSI indicator.
The overlying downtrendline is a reasonable target for now, closing in at around 8100. Look for a move towards there if 6850 gives way.
Support is seen on dips toward 6420. Think of the possibility of the (inverted) left shoulder of an inverted head and shoulders pattern in such a case.
The overlying downtrendline is a reasonable target for now, closing in at around 8100. Look for a move towards there if 6850 gives way.
Support is seen on dips toward 6420. Think of the possibility of the (inverted) left shoulder of an inverted head and shoulders pattern in such a case.