Understanding the Recent Equity Market Sell-Off: Key Insights from Rahul Ghose
Monday, 12 August 2024, 19:55
Market Decoding: Equity Sell-Off Analysis
On the daily time frame, there is a negative divergence between price and RSI. Prices are making a lower low, suggesting a strong possibility of a correction.
Short-Term Analysis
- Support range: 23500-23300
- Caution advised for investors
As the market reacts to poor economic forecasts, the sentiment remains bearish and investors should prepare for an uncertain trading environment.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.