After a decisive breakout above the 460 level post-March, the structure has turned bullish, indicating strength in momentum.
Sustained price action above 460 can drive the rally towards the 550–600 zone, which acts as the next major resistance area.
On the flip side, any correction may find strong support in the 360–330 range, making it a crucial demand zone to watch.
Overall bias remains bullish above 460, while 360–330 serves as a strong base for long-term support.
Sustained price action above 460 can drive the rally towards the 550–600 zone, which acts as the next major resistance area.
On the flip side, any correction may find strong support in the 360–330 range, making it a crucial demand zone to watch.
Overall bias remains bullish above 460, while 360–330 serves as a strong base for long-term support.
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.
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.