1. Bounced off the weekly demand zone 2. Forming a Bullish market structure 3. Support from 200 MA 4. Good volume expansion 5. Testing the trendline for the 4th time. It may give a breakout this time. 6. Flip level @1246. Expect a good move if it closes above 1246.
Disclaimer:This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) NSE Certified Technical & Fundamental Analyst