1) On 1 Day time frame, it took support from 50DMA and closed above critical level 200.
Immediate resistance is 202 level range.
today's candle gives a sign of trend reversal. We might see an upmove if tomorrow it sustain above today's high, which is above 202.50 level.
Please refer below chart : 1day Time Frame. ...
1) On 1 day time frame, it has been trading inside parallel channel and immediate support trendline is middle line of the parallel channel.
Breakout of upper trendline of parallel channel will give good up move.
Please refer below chart : 1day Time Frame.
2) On 1 day time frame, if we apply...
1) On 1 day time frame, it is just at very critical support level 200. If it gets support from here then it has chance of reversal to go up again.
But since last 2 days it has been taking resistance from 21DMA. Which is a sign of downtrend.
So we can say, it is between support and resistance. Brekout on either side will give good move...