Market cap: 307.86B
Rel vol: 2.27
Avg vol: 578.59K
***All technicals are
The first support, 20 is at 1154.59 and the first resistance is at 1274.45 so the risk to reward ratio is close to 1:1 which is good.
The chart is in an uptrend with all candles creating a higher top and higher bottom pattern.
20 is in a reversal but is still trading under 100 .
, just like is in the bear zone but with a reversal.
on the other hand is strong in the zone trading well above the 50 levels.
***all signs look good.
Hourly chart (medium term)
candle patterns are unclear but the chart looks to be in an uptrend.
is in the zone but is trading sideways.
is in the overbought zone.
***We can expect a running correction.
15m charts (short term)
20 is trading above the LTP at 1203.39 and the candles have closed below it at 1198.50. My first support comes at 1185.50 so we will wait and see if these levels are broken or respected.
There is a lot of selling pressure on in this period but has shown strength and has managed to respect the 50 level.
***The look good which means we will go long for short term targets of 1240 and 1270 but we will also wait for the right entry signals.