🔺 Bullish Bias If:
Price sustains above 24,870:
Expect move towards 24,983 (Above 10M CE zone).
Target: 25,170 (Short covering may trigger).
Strategy: Buy on dips above 24,870 with SL below 24,840.
🔻 Bearish Bias If:
Price falls below 24,670:
Likely to test 24,580 and 24,534 ( PE zones).
Break below 24,440 opens downside to 24,397 (unwinding zone).
Strategy: Sell on rise below 24,670 with SL above 24,720.
⚖️ Neutral/Bounce Zone:
Between 24,710 – 24,870:
Choppy moves expected; avoid fresh positions unless breakout confirms.
📌 Key Levels to Watch:
Breakout Level (Upside): 24,870
Breakdown Level (Downside): 24,670
Major Support: 24,397
Major Resistance: 25,170
Price sustains above 24,870:
Expect move towards 24,983 (Above 10M CE zone).
Target: 25,170 (Short covering may trigger).
Strategy: Buy on dips above 24,870 with SL below 24,840.
🔻 Bearish Bias If:
Price falls below 24,670:
Likely to test 24,580 and 24,534 ( PE zones).
Break below 24,440 opens downside to 24,397 (unwinding zone).
Strategy: Sell on rise below 24,670 with SL above 24,720.
⚖️ Neutral/Bounce Zone:
Between 24,710 – 24,870:
Choppy moves expected; avoid fresh positions unless breakout confirms.
📌 Key Levels to Watch:
Breakout Level (Upside): 24,870
Breakdown Level (Downside): 24,670
Major Support: 24,397
Major Resistance: 25,170
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.
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.