UPDATE 26-30 MAY WEEK -TREND CHANGE SIGNALS

🌈 Market Mood: A Pause Before the June Trend Emerges 🌈

HOW PREDICTIVE MODEL WORKED DID WE SAW RALLY AND NEWS ON 28th MAY 

"Although nature determines overall direction, levels are technical and human-constructed. From May 26th to 30th, the market exhibited strong reactions at the identified buy level of 24680 and sell level of 25100. A reversal was indeed expected, and the behavior around 25100 strongly suggests the exhaustion of the rally originating from 21750, indicating a likely downturn towards or below 24000 in the coming days, given the breakdown of the geometrical path observed in last week's pattern."

Current Market Snapshot (Based on EARLIER input):

• Range-Bound Movement: The market has been moving within a tight range of 24700 to 25100.
• Resistance at 25100: The 25100 level is acting as a strong resistance area, suggesting a predominant selling interest at these highs.
• Targeting 24675: The market has not yet reached 24675 until Wednesday, indicating a potential "sell on rise" sentiment. We might see it hit 24675 and potentially break it in the near future.
• Rally Exhaustion? The significant rally from 22000 to 25000 appears to be concluding.

June Outlook: Anticipating a Shift

• Plenty of Sell Days: OUR analysis suggests that June might bring more selling pressure.
• Wait and Watch till June 4th: It's advised to wait and watch until June 4th for the market to settle and reveal its true trend for the month. A pause in trading until then is highly recommended for active traders.

💡 Investor Strategy: Partial Profit Booking & Re-entry 💡

• For investors, now might be a prudent time to book partial profits on existing positions.
• The upcoming month of June could offer an opportunity to re-enter at lower levels, allowing for strategic long-term accumulation.

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Please Note: This is a market outlook based on the information provided and should not be considered financial advice. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Market conditions can change rapidly.