There is confluence of 2 very good setups.
1. Earlier resistance of 10180 is now acting as support.
2. 10180 is also a 20D SMA.
A good low risk high reward swing trace is possible which can play out in few weeks.
Likely target of ATH can be considered.
SL below 10100 would be good.
1. Earlier resistance of 10180 is now acting as support.
2. 10180 is also a 20D SMA.
A good low risk high reward swing trace is possible which can play out in few weeks.
Likely target of ATH can be considered.
SL below 10100 would be good.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.