Apart from the Bearish Divergence on DSEX we can see an emerging shooting star formation on Weekly chart which is going to have a confirmation candle if the weekly candle close bearish. More importantly, the formation is in a supply zone. 5 Week back there was a spinning top with bearish confirmation candle but it was taken out by the bull however, recent formation looks quite strong as the confirmation candle is going to close outside of the Weekly trendline. On the daily chart, the Weekly trendline is already broken with good volume. We will see a Hidden bearish divergence on weekly chart if there is 2-3 bearish candle with -100 to -150 index from current level which will be confirmation for strong bearish Trend.
Daily
Weekly
Daily
Weekly
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