- ASCENDING CHANNEL; NARR0W RANGE - TAKING SUPPORT FROM 100EMA AND RESISTANCE FROM 1400 LEVEL.
INDICATORS: - RSI - NEAR 50-LEVEL/NEUTRAL - TT2 TREND TOOL - BULLISH IN 30MINS AND DAILY - CVD - POSITIVE/BUYERS ARE STRONG
CONCLUSION: 1. IF UPPER CHANNEL IS BROKEN BUY ABOVE 1402 SUPPORT - 200EMA TARGET - 1425/1445
2. IF CHANNEL IS BROKEN DOWNWARDS SELL BELOW 1362 RESISTANCE 200EMA TARGET - 1340/1323
KEEP AN EYE!! NOTE - BREAKOUT HAS TO HAPPEN WITH VOLUME AND FOLLOWUP CANDLE MUST SHOW CONVICTION!! ***in case of GAP opening, the given levels become invalid. ***this is my personal view. Please take advice from your financial advisor before investing.