The triangular base is forming. May give a breakout in a short time. Look at the long wick on 21/01/22 Any breakout above descending trendline is an opportunity to go long
A nice triangle base formation Volatility contraction Dried up volume Good potential for upside
Tight weekly closes for 3 weeks. Something big is going to happen. Good consolidation for few months Relative strength is not favouring though. Any break down below 200 EMA shall invalidate the setting.
A pullback to 1320 levels can be a good entry point for medium term as it is a multi-year breakout.
The breakout above 807 will give quick gains in short to mid term