Break out
Updated
After Breakout above 77 it went up to 97 and started consolidation. During panic selling on 21st and 22nd December retested its earlier breakout level and reversed sharply.
Bullish reversal hammer formation on daily chart on 22nd December. On weekly basis made hammer. Next week candle closed above previous week candle head. Looking this this move can go up to 115-116 in short term.
Bullish reversal hammer formation on daily chart on 22nd December. On weekly basis made hammer. Next week candle closed above previous week candle head. Looking this this move can go up to 115-116 in short term.
Note
Target achieved and traded well above 116. Now this BO can give next target is 148-155
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.