Support turning resistance is the first point of this chart. Tried connecting a small Trendline which actually look like a small triangle on chart. Some thing that is interesting is that price already tried to go down below 200 EMA but buyers pushed it back up. Now volumes are increasing slowly. I have marked 2 targets:- Green one is smaller target and will require less time as per my view. Blue one is bigger target that requires patience to hold for some time.
One thing i request everyone that please please do not take premature entries in fear of missing out. These red lines are plotted some reason they are not for looking fancy. So enter only and only once prices closes or looks like closing above the red lines.
Cheers & Happy Trading.
Disclaimer:- I am not SEBI registered. Trade with your own risk and trade with caution.All the levels plotted are only for educational purposes.
All eyes on OIL.. its not breaking so far .. going down ...
LearnersParadise
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@sthakur533, that's the beauty until and unless it breaks and closes it's none of our use.
Patience it what is needed most in stocks market. Waiting is the most painful thing