The Indians are looking weak on this 3D time frame.
The theory of curves says (at the moment) that price is losing steam for the north. South is the greater probability estimate. Note: this leaves a residual probability for the north.
Disclaimer: Lose your money and sue yourself!
The Indian Markets are hardly every the topic of discussion on Tradingview. Most people look mainly for the DJI - cuz 'America is great'. For me, it don't matter; wherever there is an opportunity I'll pay attention. The Indian Market is in a precarious position right now.
I see some sort of expanding upward wedge. This can create probabilities for the north or...
The India50 is not one that's often talked about. I show how I estimate the price action and probabilities for a short position. As always if anybody is getting into this, prepare to lose! This is a loser's game - we can't win without losing, end of story.
The Indian stock market is not one I usually see talked about on Tradingview. However, it has been ripening for a short over the last few weeks. Markets decide their own course. Generally though the India50 appears to be weakening.