MUGHAL – Bullish Continuation with Two Clear Scenarios
Price has broken out of a compression / triangle structure with volume confirmation. Trend remains bullish, however RSI is near 70, so chasing is not advised.
Scenario 1: Continuation above breakout zone → move towards 100–105–109
Scenario 2: Healthy pullback towards 92–94 → better risk-reward entry
As long as price holds above 88, bullish structure remains intact.
Trade with proper risk management.
Price has broken out of a compression / triangle structure with volume confirmation. Trend remains bullish, however RSI is near 70, so chasing is not advised.
Scenario 1: Continuation above breakout zone → move towards 100–105–109
Scenario 2: Healthy pullback towards 92–94 → better risk-reward entry
As long as price holds above 88, bullish structure remains intact.
Trade with proper risk management.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.