Price was moving with volatility and it was choppy for the past few days which resulted in channel formation. Now it has broken the channel. Will it sustain? Read below.
Pattern : Channel
Range : Medium
Trend strength : Normal
Buy Above : 19460
Stop Loss : 19420
Targets : 19500, 19520, 19560.
Sell below : 19380
Stop Loss : 19410
Targets : 19350,19320 and 19280.
Check the live market updates. Expected Expiry Day range is 19300 to 19550.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.