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01. Index rejected from the important Resistance zone 2835-2905.
02. Ascending triangle formation didn't complete and broke the supporting trend line.
03. Index is moving below the MA 200. Mean time MA 20 has crossed the MA 50, showing some weakness.
04. The RSI needs to break upwards from the marked red line.
05. Even the the index is moving below MA 200 it created a trend support on
28-03-2023 and is keeping above it.
Below it there is another Support zone 2630-2590.
06. Once the index move above the 200 MA we can re evaluate the index.