ON DAILY CHART HIGHER HIGH FORMATION IS CLEARLY VISIBLE & ALSO VOLUME IS ON HIGHER SIDE WHEN PRICE IS MOVING UP
SUPPLY CAME IN ON 8TH OCTOBER WITH EXTREMELY HIGH VOLUME FOLLOWED BY SErIES OF WIDE RANGE BEARISH CANDLE.BUT VOLUME IS RELATIVELY LOW SUGGESTING IT MIGHT BE A RETRACEMENT
ON 15 MIN CHART,LOWER LOW STRUCTURE WHICH FORMED OVERS PAST TWO WKS HAS BEEN BROKEN AND STARTING TO FORM HIGHER HIGH STRUCTURE BUT WE NEED VOLUME CONFIRMATION.
ALSO FORMED A CHANNEL AND PRICE IS CURRENTLY TRADING NEAR CHANNEL TOP WHICH ACTS AS RESISTANCE
IF PRICE BREAKS ABOVE CHANNEL TOP (RESISTANCE) WITH VOLUME EXPANSION,PRICE MIGHT MOVE TO NEXT RESISTANCE ZONE (2955-2980),WHERE PRICE MIGHT TEST THAT RESISTANCE LEVEL
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Price breakout happened on the back of very low volume.so not valid break out.