GHNI ANALYSIS 2.0GHNI formed a bearish flag with bearish divergence + a double top reversal pattern too.
neckline , HL already broken indicating downtrend of ghni .
TP'S , SL MARKED .
INSTANT SELL
GHNI trade ideas
Bearish Divergence on Hourly TF
but yet Bullish on Bigger Time Frames.
Important Support Levels seem to be
around 262 on Weekly basis.
However, 274 can be another immediate Support.
On the flip side, 334 is a Strong Resistance.
GHNI - INVERTED H&S PATTERN, TARGETING 224/-GHNI is showing a clear Inverted H&S pattern, as the price retraced to test the neckline at a level of 166. With a bounce occurring above this neckline, it appears likely to continue its upward momentum. Projected targets are set at *199 and 224 levels*, with solid support holding firm at 164
H&S pattern observed on Hourly TF
If 160 is Broken, we may witness 155-156 then 150
To continue the Bullish Momentum, it
needs to Cross & Sustain 180
GHNI | Demand Vs Supply AreasAt present, GHNI demonstrates resistance at the 173.50 level. Conversely, support is discernible within the 148-149 range, representing a crucial demand zone from which a rebound is anticipated. In the short term, a target of approximately 173.50 is envisaged, coinciding with the anticipated rejection from this level. However, should this barrier be breached and maintained, the subsequent resistance level is anticipated around 187.50. Looking ahead, for a long-term perspective, the price may potentially test the previous high of 200, observed in December 2023.
Should wait for Weekly Support???Monthly View: 126 should be sustained for Upside
Weekly View: 149 then 134 may act as Important
Support Levels on Weekly Basis
Daily View: 153 - 154 & 145 - 146 may act as
Immediate Support Levels
Players may Play on these mentioned Levels as
per their Trading Psychology
135 - 135 may act as an Important Support on Weekly Basis*Plan1*
Buy1 around 135 - 136.30
Buy2 around 131 - 132
TP1 around 140 - 142
TP2 around 146 - 147
Stoploss 130 (Closing basis)
*Plan2*
Buy Above 149.50
Sell around 155 - 160
If 162 is Sustained, we may witness 170 - 175
Stoploss 134 (Closing basis)
GHNI is BullishGHNI is looking good, and bulls seem to have taken control of the price action, as previous lower high was broken successfully. Price would move up define a new higher high followed by a higher low, before reaching new highs. Targets are mentioned on the chart.
GHNIBuy1 around 149.30 - 150.30
Buy2 around 142 - 143
Sell around 151 - 153
Stoploss 140 (Closing basis)
Patient Traders may wait for 142 - 143 for Buying
