Support: The lower purple zone indicates a strong support level where the price has bounced.
Resistance: The upper purple zone marks a resistance area where price has been rejected multiple times.
2. Moving Averages:
200 EMA (Blue): At 82,800.42, acting as dynamic resistance.
30 EMA (Red): At 82,090.72, indicating short-term trend direction.
3. Trade Setup:
A long position is planned from the current support level.
Entry: Around 80,026.98 (near support).
Stop Loss: Around 76,980.09 (below support).
Take Profit Targets:
TP1: 81,636.34
TP2: 82,800.42 (near 200 EMA)
TP3: 84,481.83
TP4: 86,260.26
Final Target: 88,297.36
4. Conclusion:
The setup expects a bounce from support with a target back towards resistance levels.
Breaking 82,800 (200 EMA) is crucial for further bullish momentum.
If the price falls below 80,000, the setup might get invalidated.
Would you like a deeper breakdown on any part? 🚀
Resistance: The upper purple zone marks a resistance area where price has been rejected multiple times.
2. Moving Averages:
200 EMA (Blue): At 82,800.42, acting as dynamic resistance.
30 EMA (Red): At 82,090.72, indicating short-term trend direction.
3. Trade Setup:
A long position is planned from the current support level.
Entry: Around 80,026.98 (near support).
Stop Loss: Around 76,980.09 (below support).
Take Profit Targets:
TP1: 81,636.34
TP2: 82,800.42 (near 200 EMA)
TP3: 84,481.83
TP4: 86,260.26
Final Target: 88,297.36
4. Conclusion:
The setup expects a bounce from support with a target back towards resistance levels.
Breaking 82,800 (200 EMA) is crucial for further bullish momentum.
If the price falls below 80,000, the setup might get invalidated.
Would you like a deeper breakdown on any part? 🚀
Trade active
tp 3 done 
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Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.