NSE:MCX
Observations:
1) On Daily time frame, we can see now it is back to the level range which was earlier working as resistance and it was breakout level.
Now it has come to test this and if it sustain and gets support then this range will work as support level.
We can see good bounce back and the bullish up move can re-start again.
Please refer below...
NSE:MCX
Observations:
1) On daily Time frame, it has given breakout of rounding bottom pattern. Breakout level range is 1585-1586. Nearest resistance level is 1600 level.
Please refer below chart : Daily time frame.
2)On Daily Time frame we can see that it has broken 100DMA and 200DMA with bullish candle.
Please refer below chart : Daily time frame....
