SGX prediction based on support resistence levels

Apr 6, 2023

IN1! sgxnifty has formed a nice parallel channel going upwards, after breaking the daily trendline we can expect a sideways pause and then more upside till 18000 level above 17750 closing,

current fresh support zones are 17592/17569 and 17499/17480.

if we gwt a parallel channel break on down side then we might retest 17500,17480 support zones before starting upside journey again.

Apr 11, 2023

Note

sgx parallel channel break+retest, watch for sideways or down move ( channel break+retest logic).

Apr 14, 2023

Trade closed: target reached