it was range bound and consolidating since 2015, now it has given breakout with good volume in weekly time frame, unless it is a fake breakout it has good upside potential.
with a sl of 650, 1st tgt to expect - 965
Trade active
⋅
here we can see that in daily, recent up move has 5 fractals, now correction is going on, max retracement is .618 .
Trade active
⋅
price at .5-.618 region, there is a high chance of reversal.
Trade active
⋅
price reversed from .5 - .618 region as expected and moving up.
Comment
⋅
price is moving up as expected, closed at 759.20.
Trade active
⋅
moving up as expected, till now 806.8
Trade active
⋅
till now 883.15, price is trading at all time high, BB is expanding in weekly, and candles are rising upper BB,
Trade active
⋅
moving up as expected , till now 905.35
Comment
⋅
price has come down to retest the channel resistance zone, which ll act as a support zone.
Comment
⋅
cmp - 832.85, price bounced from the support zone,