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The index is currently positioned at the trendline support and is expected to bounce back from this level.
The index is showing an upward trend. Following a significant correction, it is now trading at the trendline support level and is likely to sustain its upward momentum.
After breaking out from the ascending parallel channel, the index is now consolidating just above the upper boundary of the channel and is projected to continue its upward movement.
The financial services index is also trading at the trendline support and is expected to maintain its upward movement.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website
