#CnxMidcap indices trading in the green, while the #CnxSmallcap indices have nearly recovered their intraday losses.

Both indices found support near their respective weekly RSI levels, indicating potential strength. However, it is crucial for today’s lows to hold to confirm that a bottom has likely been established. If these levels are protected, the indices could initiate the 5th wave of the uptrend, potentially driving them to new all-time highs.

The weekly RSI has cooled off significantly, providing the price with ample room for further upside, reinforcing the possibility of new highs in the coming sessions!!

#YalgaarHo