Swing in LT
RSI moved from 40 indicating upmove which is supported by buy signal in MACD.
Price Acttion shows reversal but the movement of 200 EMA suggests that price may face resistance once it reaches that level.
Anyway, it looks good for swing with a price range of 950-960 being the target and stoploss being below the channel.
Price Acttion shows reversal but the movement of 200 EMA suggests that price may face resistance once it reaches that level.
Anyway, it looks good for swing with a price range of 950-960 being the target and stoploss being below the channel.
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