As per the daily time frame, the price has given a trendline breakout and sustained above the trendline. In the lower time frame, the price has formed a rounding bottom pattern, which is bullish.
Buy above 620 with a stop loss of 614 for the targets 626, 632, 636, 642 and 648.
The price will become bearish if it falls below the 600 zone and shows bearish strength; it can move towards the next support. In other words, the price is bullish as long as it sustains above the 600 zone.
Always do your analysis before taking any trade.
Buy above 620 with a stop loss of 614 for the targets 626, 632, 636, 642 and 648.
The price will become bearish if it falls below the 600 zone and shows bearish strength; it can move towards the next support. In other words, the price is bullish as long as it sustains above the 600 zone.
Always do your analysis before taking any trade.
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Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
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.