Price is moving in a channel formation. Very narrow channel and it makes the movement as choppy move.
Support is 21500 - 21520 zone. Channel resistance is expected at 21566 -21580. Sustaining above this is important for the price to continue the uptrend.
Buy above 21580 with the stop loss of 21540 for the targets 21620, 21660, 21720 and 21760.
Sell below 21480 with the stop loss of 21520 for the targets 21440, 21420, 21380 and 21320.
21360 will act as a support zone. Analysis is made on the assumption that the price will break the channel formation and move up or face resistance and fall down.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Support is 21500 - 21520 zone. Channel resistance is expected at 21566 -21580. Sustaining above this is important for the price to continue the uptrend.
Buy above 21580 with the stop loss of 21540 for the targets 21620, 21660, 21720 and 21760.
Sell below 21480 with the stop loss of 21520 for the targets 21440, 21420, 21380 and 21320.
21360 will act as a support zone. Analysis is made on the assumption that the price will break the channel formation and move up or face resistance and fall down.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Comment:
Bullish zone.
Comment:
Narrow range move.