Key highlights:
- Marked out a few important horizontal S/R levels in order to give a better idea to the new learners.
- Do not trade in between the levels, always trade level-to-level.
- Consolidating for the last 1 year.
- The parallel channel has a width of about 107 points.
- Using the measurement objective, the upside breakout target of the parallel channel lies somewhere near 1090.
- The price is well above 200 MA cluster, hence the bias is positive.
- Any pullback towards 950-970 seems like a good buying opportunity.
Disclaimer:This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
- Marked out a few important horizontal S/R levels in order to give a better idea to the new learners.
- Do not trade in between the levels, always trade level-to-level.
- Consolidating for the last 1 year.
- The parallel channel has a width of about 107 points.
- Using the measurement objective, the upside breakout target of the parallel channel lies somewhere near 1090.
- The price is well above 200 MA cluster, hence the bias is positive.
- Any pullback towards 950-970 seems like a good buying opportunity.
Disclaimer:This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Community Manager (IN), TradingView
✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Rounding Top pattern: tradingwick.in/chart-patterns/rounding-top
B.Tech (Delhi Technological University)
Community Manager (IN), TradingView
✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Rounding Top pattern: tradingwick.in/chart-patterns/rounding-top
