Price has manage to breakout a 6yr long zone (orange one) and now it is turned into a strong swap zone! Moving on further, there is a fresh Monthly supply zone
from where price has reacted recently.
Also, a rounding bottom formation can be seen on the chart which can further transform into Cup & Handle
pattern. So, keep a watch on the price movement.
Pivot Reversal Level:
- Buy above 522
- Sell below 458.3