CMP around 1530 on 01.06.25
The chart is almost self-explanatory. Since March 25, the price has risen by around 50%. This time trading on a likely resistance area.
If price rejects these levels of 1530-1560, it may go into a correction ahead.
Lower targets may be 1400/1260.
The setup weakens if it sustains above 1580 levels.
One should keep the position size according to the risk management.
All these illustrations are provided for learning and sharing purposes only; they do not constitute buy or sell advice. Please do your research before taking any position.
All the best.
The chart is almost self-explanatory. Since March 25, the price has risen by around 50%. This time trading on a likely resistance area.
If price rejects these levels of 1530-1560, it may go into a correction ahead.
Lower targets may be 1400/1260.
The setup weakens if it sustains above 1580 levels.
One should keep the position size according to the risk management.
All these illustrations are provided for learning and sharing purposes only; they do not constitute buy or sell advice. Please do your research before taking any position.
All the best.
Trade active
Stop Loss hits.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.