The following is observed :-
1. MACD crossover on daily time frame just below the centre line and crossover likely to happen on weekly time frame above centre line.
2. RSI bullish at 53, can be considered bullish.
3. Follow up buying seen from 1240 levels with good price action.
4. Downtrend changed seen after 3 month of previous high in Jan 2024.
5. Range breakout from downtrend.
So, trade in cash or buy 1300 CE Option at 29 for target 60 and above in upcoming days.
1. MACD crossover on daily time frame just below the centre line and crossover likely to happen on weekly time frame above centre line.
2. RSI bullish at 53, can be considered bullish.
3. Follow up buying seen from 1240 levels with good price action.
4. Downtrend changed seen after 3 month of previous high in Jan 2024.
5. Range breakout from downtrend.
So, trade in cash or buy 1300 CE Option at 29 for target 60 and above in upcoming days.