A single-line resistance trendline will be tested again. This time, the RSI has given the breakout and is nearing the 50 mark, signalling bullish sentiment. Upside targets are 535, 587. Entry on breakout of trendline and breach of high at around 464.
The rejection of this trendline, which is less likely to happen as of now, will take the price back to the low of 304.
Keeping the current geopolitical issues in mind, defence stocks are likely to be in demand.
The rejection of this trendline, which is less likely to happen as of now, will take the price back to the low of 304.
Keeping the current geopolitical issues in mind, defence stocks are likely to be in demand.
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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.