The crude oil looks really bully right now. Given a situation of a long consolidation breakout that is happening right now, it is continuously forming inside bar. And once it breaks this inside bar that we can see a very big rally in the crude, there can be a sudden spike itself with the breakout itself where you can see it might reach the level of 120 soon. If it sustained level 120 and above, it might go up to level of 153 or 150. given and the situation, the stock market.If you see currently nifty 50 looks really beries right now.And it is on a verge of giving a breakdown if the crude gives a breakout we can expect a similar breakdown in the nifty fifty , which can go up to the level of 20,000 and then too 18,800.
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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.