1. Bullish market structure on HTF 2. Broke above the horizontal level 3. Support from 200 MA 4. RSI indicates a possible uptrend 5. Good breakout on the weekly time frame 6. Volume lacking at the moment
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh (johntradingwick) NSE Certified Technical & Fundamental Analyst