Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish
The market is trading around a solid horizontal structure 18038.0.
The above observations make me that the market will inevitably achieve 17367.7 level.
P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Great beginning for a trade, let’s hope it goes further!