Key Highlights:
1. Bullish market structure on HTF
2. Broke above the horizontal level
3. Support from 200 MA
4. RSI indicates a possible uptrend
5. Good breakout on the weekly time frame
6. Volume lacking at the moment
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat...
On monthly chart, the price action formed a cup and hanlde formation, indicating bullish trend to proceed in coming months. Now, the price action is ranging in descending triangle and the breakout from there shall decide the further movement in prices.
