This is weekly chart.
Tried time prediction.. as per trend lines.
Short right away or between 770-780. Strict SL 800
For a target of 635 by 14th Nov. I don't know how but it will come down.
I am not an advisor, this is solely for the analysis to learn and think in a different way. Please trade at your own risk.
Buy above 1150 for a target of 1220.
SL - 1130
It might come down to re-test the demand level at 1052.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
TOP is Monthly.
Bottom is Daily. Below are the Support and Resistances for the swing. Calculated as per the trend analysis. Trade accordingly.
S1 = 1165
S2 = 1145
R1 = 1225
R2 = 1280
R3 = 1470
This is a weekly chart.
Looks line 690 is a very strong support level (indicated by dotted blue line) but do not forget the top dashed red line which is downward sloping. If the upward trend has to be continued, it has to break that line with good momentum. Until then it looks like to be in a consolidation.
Before dropping to the lower levels as per the blue line, it might give a chance to exit between 350-370 shown by red lines. Which are strong resistances.
Looking at this chart I don't trust myself for a long term support at such low levels. I could be wrong but chart shows a down trend.
Looks like a consolidation range on a weekly chart between 257 and 235.
If it holds angled green line and blue top line (stays in the shaded area), there are chances that it will give a break out in march-apr 2021.
Although this is clearly a downtrend and we notice patterns but daily candle closed at 185 and resistance is at 188~189. Strict SL=191.
If there is no momentum noticed close to 188-189 then short there for a target to 173 and 163.
173 is a very very strong support. There could be reversals at 173 but we will review at 173 again.
I know this all looks messy but wait for it to move up a bit more.
Top chart is Weekly & Bottom is monthly. Daily chart is zoomed in showing the red and green lines which are support & resistances.
I think the red and green lines speaks all. Not recommending anything. This is just educational. I am not an advisor.
Long term portfolio holder might get a chance to exit at around 1020. Best to short at any level above 1000, SL 1100. I know that's a deep SL but if trade goes in favor then a good risk to reward.
If neckline broken at 690 then T1 = 500, T2 = 340.
I am not an advisor or a consultant. This is just for purely educational and a future reference purpose.