The wave-count for the Sensex is not very clear at the moment. The one shown below is a guess and probably will need to be changed.
However the technical indicators are fairly strongly suggesting an imminent correction. We are at a resistance level that has help twice previously and are also at to top of the shallowest possible downtrend channel.
RSI is overbought and negatively diverging suggesting the current move will end soon. MACD is on the verge of giving a sell signal.
All we need is for price to breakdown and confirm the reversal.
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