There is a bollinger bands squeeze on the daily chart. According to John Bollinger, periods of low volatility are often followed by periods of high volatility. Therefore, a volatility contraction or narrowing of the bands can foreshadow a significant advance or decline. I think it will advance because price is over MA20 and squeeze momentum bars are green. Please keep in mind that narrowing can continue for a while.
Here is my long term trading idea:
Long at: 6574
Take profit at: 8200
Stop loss: 5750
Here is my long term trading idea:
Long at: 6574
Take profit at: 8200
Stop loss: 5750