JustDial Channel Breakout

9 mar 2018

It has been observed that the price action is breaking out of channel pattern and shall further move up to resistance zone.

T1- 460
T2- 480
SL - 420

9 mar 2018

Trade attivo

9 mar 2018

Trade attivo

Confirmed breakout, now a good rally can be seen. Regards

9 mar 2018

Nota

Which Initially looked like a convincing breakout, turned out to be a failed one.
Here is an updated look on the chart,



In next session, if hourly chart closes below 420 then it shall further dip to strong support of 400 levels.

Thanks

13 mar 2018

Nota

As we could see in last few sessions that the price action did not close below 420 levels on hourly chart which kept the support intact and now today the price action finally breaches above the downward channel indicating further higher movement.

Here is the chart for reference



Thanks

16 mar 2018

Trade chiuso: obiettivo raggiunto

Target 1 reached successfully. Regards

16 mar 2018

Nota

Hourly Chart Updated