This is a trend based analysis of
NAM_INDIA
. Price is looking bullish on MLY, WLY, DLY and 4H time frames despite the small correction. Price has tried to cross the MLY S-R level and has corrected a couple of times. The ascending triangle pattern suggests a bullish bias in the short term. For the near term future, going long looks profitable. Slightly risky bet of 1:1
Trend lines at different timeframes.
Support - Resistance levels at different timeframes.
Disclaimer: This is shared as an idea and not a recommendation. It is a guesstimate of what the price may be down the line. Please use this for your further analysis and based on your own analysis and risk management initiate trades accordingly. I'm posting this as a means to further improve my knowledge and receive further knowledge from others.
NAM_INDIA
. Price is looking bullish on MLY, WLY, DLY and 4H time frames despite the small correction. Price has tried to cross the MLY S-R level and has corrected a couple of times. The ascending triangle pattern suggests a bullish bias in the short term. For the near term future, going long looks profitable. Slightly risky bet of 1:1 Trend lines at different timeframes.
Support - Resistance levels at different timeframes.
Disclaimer: This is shared as an idea and not a recommendation. It is a guesstimate of what the price may be down the line. Please use this for your further analysis and based on your own analysis and risk management initiate trades accordingly. I'm posting this as a means to further improve my knowledge and receive further knowledge from others.
Trade closed: target reached:
Target of 381.10 was reached. Price made a high of 381.40