DISCLAIMER: This is purely an observation and should not be considered a trade recommendation. Kindly conduct your own analysis before making any trading decisions.
Key Observations:
1. The price has repeatedly rejected the same level in previous attempts.
2. Currently, it is testing the strong resistance zone with notable volume.
3. A confirmed close of a strong bullish candle above the resistance zone is required for validation.
Key Observations:
1. The price has repeatedly rejected the same level in previous attempts.
2. Currently, it is testing the strong resistance zone with notable volume.
3. A confirmed close of a strong bullish candle above the resistance zone is required for validation.
Trade active
Trade Setup:- CMP: 120.59
- Long Entry Zone: 116-120
- Target: 170
- Stop Loss: 106
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.
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.