Hi, don't forget to like in case you like the analysis.
Analysis basis : 1. On a daily time frame we have seen a good multizone breakout, hence buy bias. 2. We came down to 4H time frame to check for accumulation zone and confirm with a double pattern breakout.
Suggestion : Aggresive entry (25%) now + Safe entry (75%) after zone break
I have personally invested like this. So I will keep you posted on the same.
Good analysis Abhishek - few points from my end based on my studies
1) On weekly TF there is a Double Bottom Breakout at 239 level (and Price has testing this level) - DB BO target is 318
2) On a Daily TF, there is a Angular resistance coming from 2017 @ 259 level - Price is trying to break this out, if broken target would be 284
3) Current PA suggest a shakeout before break out
SenthilKumarGanesan
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bought @235 went high till 259 today it went low as bought price holding for target
1) On weekly TF there is a Double Bottom Breakout at 239 level (and Price has testing this level) - DB BO target is 318
2) On a Daily TF, there is a Angular resistance coming from 2017 @ 259 level - Price is trying to break this out, if broken target would be 284
3) Current PA suggest a shakeout before break out