This is the higher time frame view showing a strong demand zone around 770 – 790, where price has reacted multiple times in the past.
Key Observations:
• Price is currently trading near a falling channel pattern
• Testing an important demand/support zone
• Compression near support hints at a possible volatility expansion ahead
Important Levels:
• Support Zone: 770 – 790
• Pattern Support: 774 – 794
• Invalidation Level: Below 740 (strong bearish continuation possible)
Upside Potential:
• First Target: 870
• Next Target: 912
Bearish Scenario:
If the price breaks and sustains below 740, we may see a sharp downside move towards 540 levels.
Thank You ....
Key Observations:
• Price is currently trading near a falling channel pattern
• Testing an important demand/support zone
• Compression near support hints at a possible volatility expansion ahead
Important Levels:
• Support Zone: 770 – 790
• Pattern Support: 774 – 794
• Invalidation Level: Below 740 (strong bearish continuation possible)
Upside Potential:
• First Target: 870
• Next Target: 912
Bearish Scenario:
If the price breaks and sustains below 740, we may see a sharp downside move towards 540 levels.
Thank You ....
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.