1) Rejected from 200 EMA 2) Rejected from upper trend line 3) Now shall move towards 9925
Resistance at 1735 1) 4H candle rejecting 1735 2) 1D candle rejecting 1735 3) Can move towards 1650 and even 1550 if it breaks the below trend line
1) Long on the break of 266 2) Short on the rejection of 50 DEMA and or break of the rising trend line
On break of trend line and 50 EMA on hourly chart. May move to 580-565-555 below 600
Bullish on a clean breakout above 585-600-615
Long on clean break of 50 Day EMA and 2500 levels
1) Getting rejected from 1735 levels, 2) A very bearish candle breaking the 50 and 200 Day EMA 3) May move towards 1600-1550-1500
Breakout above 1640-1650 levels Target 1) 1800
A clean breakout above 4100 will move price towards 4300
Observations: 1) Rising wedge formation 2) Getting rejected from the above trend line 3) May move towards 408-394 on the downside 4) Bullish on clean break of above trend line, above 440 may move towards 460-480
Bearish Target 1) 2340 - 2300
Bearish Case > Opens or goes below 10100 Target 1) 10025 Target 2) 9975 Target 3) 9925 Bullish Case > Opens above/ sustains/ retests 10100 Target 1) 10200 Target 2) 10275
Bullish: Long on break of above trendline Bearish: Short on break of 1300
1) Rejection from fibonacci level of 22100 2) Rejection from upper trend line 3) May now move towards 50 DEMA of 20600 4) If bearishness sustains, we can see fib levels of 19800
Case I > Opens/goes below 20550, retests it : Bearish Target 1) 20350 Target 2) 20000-19850 Case II > Takes support at 20550 : Bullish Target 1) 20850 - 21100