Bullish View
Updated
Trendline Support since 2020
This line broken once in Jun 4th 24 Panic, Bear Trap - shows its strength
Now Consolidation between price range 1530 to 1630
Since 4thJun 24 tested 1560 5 times making buying zone
MONTHLY 20 MA SUPPORT
Better to keep 20 MA monthly as SL, to ride long till triangle target ie 1100 point after breakout ie 2800
This line broken once in Jun 4th 24 Panic, Bear Trap - shows its strength
Now Consolidation between price range 1530 to 1630
Since 4thJun 24 tested 1560 5 times making buying zone
MONTHLY 20 MA SUPPORT
Better to keep 20 MA monthly as SL, to ride long till triangle target ie 1100 point after breakout ie 2800
Note
Breakout today ie 18th JUL 24
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