Hi,
For a while I do started preparing myself for upside breakout as its a bit questionable whether we are having a so called long awaited healthy correction or not. When it comes we will see but for the time being it will be wise to prepare bullish opportunity which may be in near term on charts. In Chart below there are possible S/R lines for this setup. Clearly on charts bull backs are quite strong from sub 4950 lvls.
Well here are some buying points, if u do get V shape reversals from these points its a great killing opportunity. If one lvl fails reverse ur positions and target for the next level. (Levels are drawn keeping in mind bullish breakout scenario)
1. 4980 (which was my todays buying point)
2. 4955
3. 4880
Target of this bullish scenario, upside of this trading range.
Wish you all the best with levels.
Happy Trading!!!
For a while I do started preparing myself for upside breakout as its a bit questionable whether we are having a so called long awaited healthy correction or not. When it comes we will see but for the time being it will be wise to prepare bullish opportunity which may be in near term on charts. In Chart below there are possible S/R lines for this setup. Clearly on charts bull backs are quite strong from sub 4950 lvls.
Well here are some buying points, if u do get V shape reversals from these points its a great killing opportunity. If one lvl fails reverse ur positions and target for the next level. (Levels are drawn keeping in mind bullish breakout scenario)
1. 4980 (which was my todays buying point)
2. 4955
3. 4880
Target of this bullish scenario, upside of this trading range.
Wish you all the best with levels.
Happy Trading!!!
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