A big question here, the channel top is almost reached if it reverses from here in next 1-2 weeks, it can fall sharply. Any small down-move can create a negative divergence too that will support the downfall.
If this happens, we will be witnessing a beast bull, a brutal bull run, lets wait and watch for next few weeks (though this week will be a short-term upmove in USDINR)
If this happens, we will be witnessing a beast bull, a brutal bull run, lets wait and watch for next few weeks (though this week will be a short-term upmove in USDINR)
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You may see it yourself, analysis stayed on point and hence nifty rallied