Kind of forming a Sym.Triangle with possibility of breakdown, as the RSI indicates!
A sell on rise candidate around the 3050 - 3070 zone.
From CMP, if price breaks below 2970, next stops will be around 2945, 2890, 2850 (best support).
On the contrary, the trend can reverse above 3030; and can go upto 30 60 - 3070.
A close above 3070, will be a bullish break out of the triangle!
The charts posted by me are only for learning and not for trading purposes!
I am not responsible for any trade action taken by anyone whomsoever on the basis of the views published!
I am not a certified Technical Analyst or SEBI Registered Investment/Trade Advisor!
A sell on rise candidate around the 3050 - 3070 zone.
From CMP, if price breaks below 2970, next stops will be around 2945, 2890, 2850 (best support).
On the contrary, the trend can reverse above 3030; and can go upto 30 60 - 3070.
A close above 3070, will be a bullish break out of the triangle!
The charts posted by me are only for learning and not for trading purposes!
I am not responsible for any trade action taken by anyone whomsoever on the basis of the views published!
I am not a certified Technical Analyst or SEBI Registered Investment/Trade Advisor!
Let see what happens if it breaks that price!