Happy learning with trading. I just shared my view. If correct give me one like. If not, correct me.
Points to Note:
1) parallel channel breakout POSSIBLE on weekly CHART time basis.
2) safe trader wait for trendline support area to enter long position around 770-780.
3) risk traders wait for CMP 815-820 if gap up opens.
I just shared my view.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Points to Note:
1) parallel channel breakout POSSIBLE on weekly CHART time basis.
2) safe trader wait for trendline support area to enter long position around 770-780.
3) risk traders wait for CMP 815-820 if gap up opens.
I just shared my view.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Comment:
given the analysis based on the weekly timeframe. Target may open for long term. But good support area at 780-800.Hence safe traders can buy in that range for long term.