OPPORTUNITY -Pullback opportunity with double bottom and support area. CAUTION -Could be small pull back
OPPORTUNITY -Ascending support line breakout. And continuation of that breakout. CAUTION -Market has created demand zone at that price level.
Opportunity -Channel breakout as banking industry is in complete negative sentiment -Along with industry the new of “Frankline Templeton” has make the sentiment more negative. Caution -Could respect the channel very less chances.
Opportunity -Channel Support level. Caution -Direction has both of possibility
Opportunity -Price is not able to close below 1340 in 4H (C1), same outlook for 1D (C2). Caution -Breakout could be in any direction as industry is in different direction of overall market.
Opportunity -Demand area could give a buying opportunity, if break the support level at 164 could be great selling opportunity. Caution -Breakout could be a fail as there is very strong demand zone at 164. -Before buying look for SL as it could turn out to be a very strong selling opportunity.