The broader trend is still bearish, but on the 1H chart, price has been consolidating in a sideways range for several sessions.
The broader trend is still bearish, but on the 1H chart, price has been consolidating in a sideways range for several sessions.
It’s forming a base pattern between ₹124 – ₹135, suggesting accumulation is happening before a possible breakout.
It’s forming a base pattern between ₹124 – ₹135, suggesting accumulation is happening before a possible breakout. majore support here is 110 INR and the ideal support to be 90.
How you are gonna take trade. lets supposse you have 100rs
Buy first quantity (30rs)at 120.
Second one (40rs) at 105.
Third one(30rs) at 95.
Resistance at 90 INR.
INDICATORS
RSI (14): Around 45–55 → Neutral; no overbought/oversold signal.
20 EMA: Around ₹128 → Price hovering near EMA, suggesting range-bound action.
50 EMA: Slightly above ₹130 → If price breaks and sustains above, short-term uptrend possible.
Volume: Gradually rising on up candles near ₹125–₹130 → Indicates accumulation interest.
The broader trend is still bearish, but on the 1H chart, price has been consolidating in a sideways range for several sessions.
It’s forming a base pattern between ₹124 – ₹135, suggesting accumulation is happening before a possible breakout.
It’s forming a base pattern between ₹124 – ₹135, suggesting accumulation is happening before a possible breakout. majore support here is 110 INR and the ideal support to be 90.
How you are gonna take trade. lets supposse you have 100rs
Buy first quantity (30rs)at 120.
Second one (40rs) at 105.
Third one(30rs) at 95.
Resistance at 90 INR.
INDICATORS
RSI (14): Around 45–55 → Neutral; no overbought/oversold signal.
20 EMA: Around ₹128 → Price hovering near EMA, suggesting range-bound action.
50 EMA: Slightly above ₹130 → If price breaks and sustains above, short-term uptrend possible.
Volume: Gradually rising on up candles near ₹125–₹130 → Indicates accumulation interest.
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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.