Price was volatile today and formed (like) a symmetrical triangle pattern.
Break out can be in any direction.
Support zone - 19800 - 19840.
Resistance zone - 19980 - 20020.
If support is taken then price will move towards 19880, 19920, 19960 and 19990.
If the price is unable to move above support, then it will fall towards 19760, 19720, 19680 and 19640.
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.
Break out can be in any direction.
Support zone - 19800 - 19840.
Resistance zone - 19980 - 20020.
If support is taken then price will move towards 19880, 19920, 19960 and 19990.
If the price is unable to move above support, then it will fall towards 19760, 19720, 19680 and 19640.
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:
Resistance zone.
