Price broke the channel, but once again it has entered in to it. If price gains strength, it can break the upper trend line of the channel and move up.
Pattern : Channel.
Range : Medium.
Trend strength : Normal.
Buy Above : 21380.
Stop Loss : 21340.
Targets : 21420, 21460, 21500 and 21540.
These levels are derived based on the assumption that price will take support from lower trend line of the channel and move up.
Sell below : 21280.
Stop Loss : 21320.
Targets : 21240, 21200 and 21160.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Pattern : Channel.
Range : Medium.
Trend strength : Normal.
Buy Above : 21380.
Stop Loss : 21340.
Targets : 21420, 21460, 21500 and 21540.
These levels are derived based on the assumption that price will take support from lower trend line of the channel and move up.
Sell below : 21280.
Stop Loss : 21320.
Targets : 21240, 21200 and 21160.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Comment:
Nearing the upper trend line.
Trade active:
Long.
Trade closed: target reached:
Done.