Market has been dull and showing bare minimum turnover for past couple of weeks. Indicating minimal interest of the investors. Usually happens when market bottoming out.
Technically lower trendline is where money lies. Quick touch there should bounce it at the support zone 8550 ~ 8520 roughly, with a possibility of making a RSI divergence.
Keep good eye on RSI trendline for a possible breakout.
DDR/DDO would play a major role as the trigger for next move in price action.
Holding the trendline from previous lows will be crucial for bulls. Below that we might see further pullback/correction/ or more..
NOT an IA
Technically lower trendline is where money lies. Quick touch there should bounce it at the support zone 8550 ~ 8520 roughly, with a possibility of making a RSI divergence.
Keep good eye on RSI trendline for a possible breakout.
DDR/DDO would play a major role as the trigger for next move in price action.
Holding the trendline from previous lows will be crucial for bulls. Below that we might see further pullback/correction/ or more..
NOT an IA