NSE FINIFTY is trading in the value area for more than 43 weeks. The price has overall three excesses at the upper band and three excesses at the lower band. This signals bull dominance. The control line validates itself with 11 touches.
Traders must look at the following scenario:
- The price is at the control line, and the 200 EMA has worked as crucial support. This is a powerful hurdle and can change the trend. This can reach up to 27500 – 28100.
- If sellers outnumber buyers by closing below the control line and EMAs, the next support level would be around 25,926.
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