In addition, we are witnessing a negative divergence in daily RSI. Hence, on the downside, a break below 42,950 which is the weekly low might bring a pause to the upside momentum. In such a scenario, the index might correct towards 42,000 or more. Any short trades in the index can be considered only below 42,950.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,