Previous trend: Bearish (1645 to 250)
Present trend: consolidation (price has reversed Downward by making higher low), Prices trading above long term averages.
Support:415 and 335
Resistance: 783 and 948
Pattern: Inverse head and Shoulder breakout above 464
Volume: Volume increasing at lower levels. Sign of Accumulation. last breakout rally had highest volume. The selling Volume is too low.
Price invalidation level/stoploss:335 on Weekly Closing Basis.
Disclaimer: Only for educational purpose. Do trade as per your risk management.
Present trend: consolidation (price has reversed Downward by making higher low), Prices trading above long term averages.
Support:415 and 335
Resistance: 783 and 948
Pattern: Inverse head and Shoulder breakout above 464
Volume: Volume increasing at lower levels. Sign of Accumulation. last breakout rally had highest volume. The selling Volume is too low.
Price invalidation level/stoploss:335 on Weekly Closing Basis.
Disclaimer: Only for educational purpose. Do trade as per your risk management.