SSGC has taken a strong bounce from a multi-time tested ascending channel support, which is a positive technical sign. This level has acted as a strong demand zone in the past, and once again buyers have successfully defended the support.
Today’s volume remained decent, indicating that the move is not just a dead-cat bounce but shows genuine buying interest.
📌 RSI is curling up from the neutral zone (40–45), supporting the possibility of a short-term reversal or pullback move.
Trade Plan:
Buy near CMP
Stop Loss: Channel low at 33
TP1 / Immediate Resistance: 36.5
If the price holds and sustains above 36.5 (with a strong follow-through or daily close), then the next major resistance / target zone lies at:
➡️ TP2: 40+ (BPR / Supply Zone)
Overall, the price structure remains intact within the ascending channel, and as long as 33 holds, the upside continuation / reversal bias remains valid.
⚠️ Keep an eye on overall market conditions and volume follow-through.
Strict stop-loss discipline is advised.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.