Flag formation seen in 1H chart. Bullish upside expected.
Take long position once upper trend line is broken.
Target expected is 2870 - 2880 levels
As always, trade at your risk and conviction. Cheers!!
Take long position once upper trend line is broken.
Target expected is 2870 - 2880 levels
As always, trade at your risk and conviction. Cheers!!
Comment:
More conviction to go long comes from the fact that price action is forming a distinct cup and handle pattern. The flag pattern mentioned above is just the handle being formed.
Comment:
If it breaks above from the current handle/flag, Target can be 2885/- levels