Though the price has broken the channel and went up, movement was choppy. The momentum to move upside is reducing. One hour chart shows that price is facing trend line resistance.
Pattern : Wedge.
Range : Medium.
Trend strength : Normal.
Buy Above : 46580.
Stop Loss : 46500.
Targets : 46660, 46740, 46820, 46900 and 46980.
Sell below : 46360.
Stop Loss : 46420.
Targets : 46280, 46180, 46100 ,46020 and 45920.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Pattern : Wedge.
Range : Medium.
Trend strength : Normal.
Buy Above : 46580.
Stop Loss : 46500.
Targets : 46660, 46740, 46820, 46900 and 46980.
Sell below : 46360.
Stop Loss : 46420.
Targets : 46280, 46180, 46100 ,46020 and 45920.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Comment:
Range, choppy move.