Reasons/Traits : • Triangle pattern break out yesterday and today got confirmed • Volumes are high • Price above 13/20/50/200 EMA • Price above VWAP • Increased open interest, high deliveries
What can happen next : Scenario 1 : Price sustaining above 123 levels can take it to 133/141/151 levels Scenario 2 : Price break down below 123 can take it down to 116/105/98 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!