The chart is self-explanatory. The price has been travelling in a higher high-higher low pattern for the last 5 years. This time comes to the lower levels.
In the recent 5-6 sessions, it has shown a bounce back.
If momentum continues, a bullish move may be seen ahead.
The risk-reward ratio is quite good for positional trading at these levels.
If it sustains below 610 levels on a closing basis for 2-3 days, the setup will lose significance.
All these illustrations are only for learning and sharing purposes; it is not a buy or sell recommendation.
All the best.
In the recent 5-6 sessions, it has shown a bounce back.
If momentum continues, a bullish move may be seen ahead.
The risk-reward ratio is quite good for positional trading at these levels.
If it sustains below 610 levels on a closing basis for 2-3 days, the setup will lose significance.
All these illustrations are only for learning and sharing purposes; it is not a buy or sell recommendation.
All the best.
Note
Showed some strength in the 12th March session. Crossed 670. Let's look ahead.Trade active
Showed good momentum today. Crossing 692. Keep on Watch.Note
Crossed 715 on 24.03.25.
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.
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.