Chart is self-explanatory (OPEN THE CHART FOR DETAILED VIEW)
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Long position can be taken after the breakout from the consolidation zone with half quantity book at 338 (mid way supply zone) and full book at 360-370 (major supply zone and trendline)
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This is the monthly chart of Sensex.
A trendline is seen right from 2008; and current trend (from dec 2020) is taking support from this trendline.
Also, current level is facing resistance from a crucial psychological barrier, which is the ATH (All time high) of sensex; 52537.89.
This barrier is also a resistance point according to the Fibonacci...