India VIX Index

Bottom is near ?

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I have never applied technical analysis on VIX as it gives large wicks. VIX is showing positive divergence on RSI. 19 is the zone from where breakout had happened . So now it should act as support. Positive divergence suggest volatility can spike in short term. I will take confirmation of Vix bottom from Trend, RSI and EMA.

Penafian

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