9300 Resistance has failed to breach. Flag and Pole pattern failed to materialize. support 8800 has now turned resistance. immediate turnaround is expected around its interim support of 8500. Failure will push the index to a long-term support of 8100-8000. Indecision about holding the LG election is also contributing to the downside coupled with Electricity tariff...
Please Note: This is for educational purposes only
ASI made a high of 9197 on 03.02.2023. Let's watch how the index is behaving within the highlighted areas. Let's also watch the next swing low formation.
RSI need to breakout above the resistance line given there. Let's watch that too.
