It broke downward trend a few hours ago with a good volume.
Now it looks its doing a correction. but the red line is very important. If there occurs a pull back and returns upward first target will be 7300.
If the red line is broken down, the downtrend will continue 6440 - 6406 support zone.
Now it looks its doing a correction. but the red line is very important. If there occurs a pull back and returns upward first target will be 7300.
If the red line is broken down, the downtrend will continue 6440 - 6406 support zone.
Trade active:
First target is reached !
Now if it can stay above the 7300 level, the next target is 7985.
Moves under the red support line will be risky.
Now if it can stay above the 7300 level, the next target is 7985.
Moves under the red support line will be risky.
Trade closed: target reached:
Both targets are reached in a very short time.
I also think it will be good for long time interval investment.
I also think it will be good for long time interval investment.