It has taken support at Demand Zone twice and moved ahead. RSI also moved ahead from the oversold zone. ADX also indicates the weakening of a downtrend. We can also notice Positive Divergence on the daily and monthly chart. Price likely to retrace up to 12.85 to 13.50 in the near term.
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.