Key Support & Resistance Zones:
Resistance Zone (Top of range): Around 55,400.
Support Zone (Bottom of range): Around 55,000.
Next Major Support below the range:
54,500 ( Immediate Support)
52,700 ( Trenline Support)
52,129 (Horizontal Trenline Support)
Trendlines:
The chart shows a strong ascending trendline from earlier lows.(yellow coloured trendline)
But Looking at Recent Highs bulls are loosing momentum at 55800 to 55900 tried 4 time to break but failed to break range which shows weakness on bull side
What to Look :
If range break from 54900 with high volume and bar candle we can move down towards the immediate support then we can expect a bounce at range support at 54500
Or If Gap up or Gap Down can shift the momentum
Resistance Zone (Top of range): Around 55,400.
Support Zone (Bottom of range): Around 55,000.
Next Major Support below the range:
54,500 ( Immediate Support)
52,700 ( Trenline Support)
52,129 (Horizontal Trenline Support)
Trendlines:
The chart shows a strong ascending trendline from earlier lows.(yellow coloured trendline)
But Looking at Recent Highs bulls are loosing momentum at 55800 to 55900 tried 4 time to break but failed to break range which shows weakness on bull side
What to Look :
If range break from 54900 with high volume and bar candle we can move down towards the immediate support then we can expect a bounce at range support at 54500
Or If Gap up or Gap Down can shift the momentum
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.