There is a strong price action observed as it breaks out from the previous resistance of 565 and as well breaks from the rectangular consolidation or correction phase. It is good time to join the rally.
The price action on hourly chart seems to be breaking out from a crucial support 1540. If it confirms then we might see downward rally to 1450 levels.
After long continuation downtrend, yesterday the price action breaks through the downward trend line with hugh volume and also at the same time breaks out from a short Flag pattern. It signals a strong trend change and a bullishness in price action. The price action shall move towards the previous support at 570 levels and another strong support at psychological...
After a breakout from a upward trending channel, it seems there is a correction shift in the price action. From the current breakout levels it is measured that the price action will go towards the next support levels. It is good time to short with Target:508-504 Stoploss 528