JustDial Channel Breakout

It has been observed that the price action is breaking out of channel pattern and shall further move up to resistance zone.

T1- 460
T2- 480
SL - 420

Trade active

Trade active:

Confirmed breakout, now a good rally can be seen. Regards

Comment:

Which Initially looked like a convincing breakout, turned out to be a failed one.
Here is an updated look on the chart,

In next session, if hourly chart closes below 420 then it shall further dip to strong support of 400 levels.

Thanks

Comment:

As we could see in last few sessions that the price action did not close below 420 levels on hourly chart which kept the support intact and now today the price action finally breaches above the downward channel indicating further higher movement.

Here is the chart for reference

Thanks

Trade closed: target reached:

Target 1 reached successfully. Regards

Comment:

Hourly Chart Updated