below is Nifty Spot weekly chart. and its containing SMA of 15 days, 30 days & a trend line.
the trend line & SMA's touches at 5 points and didn't broke & close below the line & SMAs in 4 spots. but current last 4 candles broken and closed below the trend line & SMA 15. but not SMA 30 and it giving support.
so can we conclude that if the support of SMA 30 & previous week's candle broken then we will be enter in big bear market?
pls all TJ's share your thoughts, and give your valuable comments & suggestions.