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Technical Analysis:- The Simple price action shows a reduction in the strength of bears cause the last 3-4 swing lows failed to form a strong significant lower low. this action formed a falling wedge structure and this pattern is bullish.
If you combine the RSI readings there is a bullish divergence forming which adds up to a confluence of factors.
the volume is very low on the fall.
Entry is strictly on closing basis only above 1075
Stop:- for short-term traders is 990 on a closing basis and long-term can accumulate more on the sign of reversal from 990.
Tgt levels are mentioned on the chart.
Keep learning, Happy trading.
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Extending the Range will be active in some time, set your alerts so you don't miss it.
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Finally, the breakout triggered yesterday closed good above the breakout level now expecting good continuation.