1. facing Strong Resistance near 600 levels, made a Triple top formation on this level.
2. Strong support on 500, crashed post breaking this support.
3. Now price is swinging in a parallel channel, Bottom of the channel is acting as a new dynamic support line.
4. A new supply zone near 467-470 levels. Minor resistance on these levels.
Positions:
Enter above 470 once it breaks the 470 resistance line with volume.
Short term Target 1: 500
Long term T2: 545
2. Strong support on 500, crashed post breaking this support.
3. Now price is swinging in a parallel channel, Bottom of the channel is acting as a new dynamic support line.
4. A new supply zone near 467-470 levels. Minor resistance on these levels.
Positions:
Enter above 470 once it breaks the 470 resistance line with volume.
Short term Target 1: 500
Long term T2: 545
Trade closed: target reached