From the present rate, immediate resistance is identifying at the 1800.00 price zone and immediate support is identifying at the 1760 price zone. we should wait between the 1800 and 1760 price zone.
There is no doubt trend is down, but in this current situation, the market is expecting an upward correction. but this week market is unable to break above 1800.00 immediate resistance.
So, if we see a market break and stability above the 1800.00 price zone, we may go for short term buy till 1840.00 price zone.
On the other hand, if market break and stable below the 1760.00 price zone, we will go for a long term sell target till the 1680.00 price zone.
There is no doubt trend is down, but in this current situation, the market is expecting an upward correction. but this week market is unable to break above 1800.00 immediate resistance.
So, if we see a market break and stability above the 1800.00 price zone, we may go for short term buy till 1840.00 price zone.
On the other hand, if market break and stable below the 1760.00 price zone, we will go for a long term sell target till the 1680.00 price zone.
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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.
Related publications
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.