Hello and welcome to this analysis
In the month of December 2022, Govt announced divestment which lead to gap down openings on the consecutive days. the 2nd gap down activated a Bearish Island Reversal.
From 600 it appears to have completed a Dead Cat Bounce and now could continue its downtrend.
It has resistance at 650 while support comes in at 610 and below that near 575 where it could complete this down move.
In the month of December 2022, Govt announced divestment which lead to gap down openings on the consecutive days. the 2nd gap down activated a Bearish Island Reversal.
From 600 it appears to have completed a Dead Cat Bounce and now could continue its downtrend.
It has resistance at 650 while support comes in at 610 and below that near 575 where it could complete this down move.
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