On daily TF, price has been making cap after cap. Now volume has started to fall, therefore, it is expected that price will test 625~630 region and will drop sharply due to profit booking.
New entries should be avoided.
Then it is expected to drop around 425~440 region and will stay there for around 6 weeks before again going up.
Ideally buying should be initiated once price bounces back from 425~440 region and crosses 450. Then Target Price should be 620 and then 7690.
New entries should be avoided.
Then it is expected to drop around 425~440 region and will stay there for around 6 weeks before again going up.
Ideally buying should be initiated once price bounces back from 425~440 region and crosses 450. Then Target Price should be 620 and then 7690.
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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.