The chart shows the possible supports and resistances. At present, the price is about to cross a predefined resistance area around 3450-3500. If crosses the zone and picks some momentum, we may see upper targets according to the setup.
Also, the gap area upside is to be filled in due time, of course in a bullish phase.
If sustains above 3500, may go to 4000/4200 or even more.
If sustains below 3200, this setup will go weak.
Decide your entry and exit levels and position size in accordance with your risk management.
All this illustration is only my view, just for learning and sharing purposes, not trading advice in any form.
All the best.
Also, the gap area upside is to be filled in due time, of course in a bullish phase.
If sustains above 3500, may go to 4000/4200 or even more.
If sustains below 3200, this setup will go weak.
Decide your entry and exit levels and position size in accordance with your risk management.
All this illustration is only my view, just for learning and sharing purposes, not trading advice in any form.
All the best.
Note
Close to the breakout levels of 3510 around. CMP 3510. Stay tuned.Note
That was a good move on the first day. It was closed above 3600 today. Let's see ahead.Trade active
Hovering around the good buy levels of 3350.Note
Reversed exactly from the stop loss area of 3200. Showed good momentum in bounce back. Today may give a breakout above 3500. CMP 3495. Stay tuned.Note
reached 3600 on 03.12.24. keep watching.Trade closed: target reached
Reached the second target of 4000 on 09.01.25Note
Crossed 4200. All targets reached.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.