There is a possibility of a trade, either side. But this will get clear in next trading session. Details and levels mentioned in the post.
Will update the analysis post the price action movement on Monday. Personal bias towards long, subjected to on PA
Has consolidated a lot for the past 4 month with very strong resistance and support tested multiple times.
Should test the support of 1500 again and then buy for first target of 1780 and second target of 1900 within 2 months.
The easing of lockdown will be an enabler in July and might give a very quick breakout.
NOT AND INVESTMENT ADVISORY BUT...
Have gone through a month of consolidation and then witnessed a breakout. Facing resistance at current levels but looks good for an entry..
Buy at cmp 136 with SL 130 and Target of 161.
ONLY AN ANALYSIS AND NOT AN INVESTMENT ADVISORY. TRADE AS PER RISK AND REWARD AFTER DUE ANALYSIS