on monthly long term chart first it upmove
in upward channel ,but than break down ,
now after making bottom it started upmove ,
and making new high.
and now at lower trendline of channel again.
will it face resistance?? or able to re-enter in main upward channel ??
may be to go much more in long term.
present pattern left maximum upside upto 245.
indicator overbought.
so if one want to observe upside must able to see retrace too.
proper risk management.
decide on ur own.
in upward channel ,but than break down ,
now after making bottom it started upmove ,
and making new high.
and now at lower trendline of channel again.
will it face resistance?? or able to re-enter in main upward channel ??
may be to go much more in long term.
present pattern left maximum upside upto 245.
indicator overbought.
so if one want to observe upside must able to see retrace too.
proper risk management.
decide on ur own.
Trade active:
one level 225 touch high 226
Trade closed: target reached:
243.45 done near 245 retraces