Price was falling slowly today and formed (like) a triangle pattern.
Support zone - 19630 - 19660.
Resistance zone - 19800 - 19840.
If support is taken then price will move towards 19720, 19760, 19800 and 19880.
If the price is unable to move above resistance, then it will fall towards 19580, 19540, 19500 and 19460.
Trade with care if the price did not show the trend direction.
Based on the assumption that price will react at support/resistance.
Always do your own research. This analysis is for educational purpose only.
Support zone - 19630 - 19660.
Resistance zone - 19800 - 19840.
If support is taken then price will move towards 19720, 19760, 19800 and 19880.
If the price is unable to move above resistance, then it will fall towards 19580, 19540, 19500 and 19460.
Trade with care if the price did not show the trend direction.
Based on the assumption that price will react at support/resistance.
Always do your own research. This analysis is for educational purpose only.
Comment:
Bullish open.
Comment:
The move.
Trade active:
Long
Trade closed: target reached:
All targets done.