D- A possible bearish divergence is present.
H - possible bearish divergence is present.
Closing below 40600 may trigger a fall
Support
1 39900
2 39500
3 38500
Next week is Fed rate hike. So, market is likely to remain volatile. Also, a MPC meet will be taking place. Any less negative news can trigger a movement to all time high.
Long - SL- 40600
Short : SL - 41400
All analysis as par H1 chart/
P.S - All these analysis are for academic purpose. Use strict stop loss and position sizing.
H - possible bearish divergence is present.
Closing below 40600 may trigger a fall
Support
1 39900
2 39500
3 38500
Next week is Fed rate hike. So, market is likely to remain volatile. Also, a MPC meet will be taking place. Any less negative news can trigger a movement to all time high.
Long - SL- 40600
Short : SL - 41400
All analysis as par H1 chart/
P.S - All these analysis are for academic purpose. Use strict stop loss and position sizing.