In this chart I've shown The white lines as support and resistance. once there is a breakout on either side The red and green lines are the targets on each side.
But the MACD has both EMA lines going upwards so The trend is probably going to be in bullish side.
Analysis Dated on 30/12/2022
So,
the BULLISH trade would be:
Buy: 151 (if clear breakout)
Target-1: 157
Target-2: 167
the Bearish trade would be:
Sell: 139 (if clear breakout)
Target-1: 132
Target-2: 125
Correct me if I'm wrong on my analysis technique cause I'm still a beginner with technical analysis and open to corrections, new ideas, suggestions, etc..
But the MACD has both EMA lines going upwards so The trend is probably going to be in bullish side.
Analysis Dated on 30/12/2022
So,
the BULLISH trade would be:
Buy: 151 (if clear breakout)
Target-1: 157
Target-2: 167
the Bearish trade would be:
Sell: 139 (if clear breakout)
Target-1: 132
Target-2: 125
Correct me if I'm wrong on my analysis technique cause I'm still a beginner with technical analysis and open to corrections, new ideas, suggestions, etc..