Level of 670 has been a strong resistance since more than six months,
A head and shoulder pattern is visible, and the neckline coincides with this 670 level,
In the last three months, there are visible higher lows , forming a triangle like pattern,
Currently, there is a probable breakout, conformed with high volume, rise in atr, and overall bullish strength
Thus, there is a short term trade,
tgt 732, sl 650
A head and shoulder pattern is visible, and the neckline coincides with this 670 level,
In the last three months, there are visible higher lows , forming a triangle like pattern,
Currently, there is a probable breakout, conformed with high volume, rise in atr, and overall bullish strength
Thus, there is a short term trade,
tgt 732, sl 650
Trade closed: target reached
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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.