Index is continuously in Bullish trend within Ascending Parallel Channel
Recently Channel bottom seem to be broken, however, confirmation is needed for either false breakdown (as in recent past) or downtrend.
Double Bottom is observed and expected to take an upside movement.
Check individual stocks in the sector for entry with proper stop loss.
Recently Channel bottom seem to be broken, however, confirmation is needed for either false breakdown (as in recent past) or downtrend.
Double Bottom is observed and expected to take an upside movement.
Check individual stocks in the sector for entry with proper stop loss.
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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.