Price action and the setup clearly indicates for a breakout confirmed by good volumes and RSI in momentum.
Stock has just come out of its accumulation range for which a good upside potential could be seen in few upcoming sessions.
A good OI build-up was seen in today's session which has a good potential to break this level.
But before that it should clearly break and sustain over its key level: 1545-50. Otherwise it could act as a good resistance since bears are eagerly waiting to short at this levels.
Wait for the right price action before entering long.
Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
Stock has just come out of its accumulation range for which a good upside potential could be seen in few upcoming sessions.
A good OI build-up was seen in today's session which has a good potential to break this level.
But before that it should clearly break and sustain over its key level: 1545-50. Otherwise it could act as a good resistance since bears are eagerly waiting to short at this levels.
Wait for the right price action before entering long.
Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.