Wed, 23 Mar 2022 12:09:51 GMT
India 50 index approaches resistance
The India 50 index has not been reviewed since December 2. Since that date the stocks have broken the 2021 ascending channel pattern, revealed a new channel down pattern and an all-time-high resistance zone at 18,380.00/18,600.00.
Most recently, during mid-March, the rate surged above the 50 and 200-day simple moving averages and reached the resistance of the 17,500.00 level. In