it has strong support around 30800.
observing weekly chart there is no problem with it.
mother bar of 30th dec had low of 31007 if it breaks this level it can go down to 30800
Bias should be buy on dip.
if it breaks recent high one can go long.
but it seems to be certain this narrow range not going to last next week.
in hourly time frame it is not in over bought or in over sold condition.
observing weekly chart there is no problem with it.
mother bar of 30th dec had low of 31007 if it breaks this level it can go down to 30800
Bias should be buy on dip.
if it breaks recent high one can go long.
but it seems to be certain this narrow range not going to last next week.
in hourly time frame it is not in over bought or in over sold condition.
