Today after RBI announcement we can see clear upmove around 500+ Points. Entire upmove is just 15 minutes which is covered by later down move. Also 34800 is key support which didn’t allow beyond 34832. Given chart tried to plot a triangle and the slanting line indicates the same angle how it came down in previously weeks. You can see its following the trend line at lower time frames. However 34800 is really strong support if gap down cannot go below it we can see upside momentum only after good confirmation.
This is just my observation please consider it for educational purposes only. Please advise with your financial advisor before taking any trade.
This is just my observation please consider it for educational purposes only. Please advise with your financial advisor before taking any trade.
