Trend Analysis (Market Direction)
Trend: The market is in a Downtrend. The price has fallen from its recent high (approx. 97,924) down to 76,200.
Moving Averages (EMAs): The price is below all the important lines:
EMA(7): 79,353 (Yellow line)
EMA(25): 85,504 (Pink line)
EMA(99): 92,619 (Purple line)
Meaning: As long as the price does not go back above the EMA(7) — i.e., around 79,350 — the short-term trend will remain negative.
2. Momentum Indicators
MACD: In the lower panel, the MACD lines are well below zero and still in the "Sell" zone. The red bars are showing that sellers are still dominant (strong).
Volume: Selling volume (red bars) is appearing much stronger than buying volume.
3. Support and Resistance
Support (Lower level): The recent low is 72,945. If the price breaks this level, the market can fall much faster (towards 70k).
Resistance (Upper level): The first hurdle is around 79,350.
Should You Take a Trade or Not?
My Assessment:
For Buying (Long): NO (Not right now).
This is a classic "Falling Knife" situation (falling market). If you buy now, the price can still go much lower.
Wait for: At least a strong green candle that covers the previous red candle, or the price stabilizes above 79,500.
For Selling (Short): Cautious YES.
The trend is downward, so short selling is more logical. However, the price has already fallen a lot, so a small "bounce back" (temporary recovery) can happen at any time.
It will be safer to short if the 72,945 level actually breaks.
Final Verdict (Advice)
Brother, the market is currently in a High Risk zone.
If you want to buy in Spot: Wait a bit until the market stabilizes in the 73,000–74,000 range.
If you are trading Futures: Avoid long positions (buying). The trend is still downward.
Stay patient and trade with proper risk management.
