Since 14th Apr 2025 there has been non-stop rally until Jan 2026. Only in Feb 2026 it has shown profit booking and the only reason for this selling is due to high disparity whicch has impacted means price reversal.
below 294 closing basis it may try to hit 271 and after the bounce the second fall may come into affect. Later price may stabilize around 241
However I have concern for the gap formed between 2nd sep 2025-3rd Sep 2025 for price range of 211-232 which is important to get filled.
one final rise is pending before fresh selling to get into action. therefore stop loss is far around 352
below 294 closing basis it may try to hit 271 and after the bounce the second fall may come into affect. Later price may stabilize around 241
However I have concern for the gap formed between 2nd sep 2025-3rd Sep 2025 for price range of 211-232 which is important to get filled.
one final rise is pending before fresh selling to get into action. therefore stop loss is far around 352
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.