2. Stoploss hunting was done by institutional traders
3. formed near 200 Days on 4 hour chart
4.Close above 1450 will expose higher side
5.Risk Reward 1:2
6.Trade with 1% risk of your capital
what 200EMA is indicating here is of 4hr chart... so it is 200 4hrEMA not 200EMA....
secondly there is a massive breakdown of range it has made it in last 3 month.... go check weekly chart u will get a clear picture what is about to happen is next 1 2 months....