- 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