CMP around 1530 on 01.06.25
The chart is almost self-explanatory. Since March 25, the price has risen by around 50%. This time trading on a likely resistance area.
If price rejects these levels of 1530-1560, it may go into a correction ahead.
Lower targets may be 1400/1260.
The setup weakens if it sustains above 1580 levels.
One should keep the position size according to the risk management.
All these illustrations are provided for learning and sharing purposes only; they do not constitute buy or sell advice. Please do your research before taking any position.
All the best.
The chart is almost self-explanatory. Since March 25, the price has risen by around 50%. This time trading on a likely resistance area.
If price rejects these levels of 1530-1560, it may go into a correction ahead.
Lower targets may be 1400/1260.
The setup weakens if it sustains above 1580 levels.
One should keep the position size according to the risk management.
All these illustrations are provided for learning and sharing purposes only; they do not constitute buy or sell advice. Please do your research before taking any position.
All the best.
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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.