The weekly candle is a bull candle that engulfed the previous week’s candle. The MACD histogram formed the 12th bar above zero (very tiny). Weekly ending at 31072.5. The market broke BELOW the 31000 psychological support. This week the market has a very strong rebound.

The MA9 line had confirmed crossed downwards MA16 on 1st February 2021, TKM v1.2 had placed Short entry on the open price during the same day at 29810 with the stop loss at 30500. It got hit on the next day which loses 690 points in a 2 days trade! The market is ferociously fierce in the rebound.

Currently, the MA lines are touching each other. Do monitor for a cross up!

TKM v1.2 will continue to monitor for the fresh signal.