Umair2234

Umair2234

inj is going for a breakout of trendline shown on chart and momentum is shiting to the upside. There is a bullish chart pattern drawn on chart also which indicates that it will go up.

Umair2234

This is not financial advice but im just sharing my thoughts and i can be wrong. 4 hr TF: RSI above 50 + Recently high volume = expecting a bounce from rentry point. Rentry : 545-550 SL: 530 TP: 630

Umair2234

RSI is showing oversold and it's approaching towards the trendline so I'm entering into long as it makes a Support above the trendline and the Support levels I see is S1: 535$, S2: 515. Price can move up from these levels.

Umair2234

I'm just sharing what I'm seeing and I can be wrong but I'm seeing a double top top on 4 hr TF which is indicates to me that it will be bearish in Future.