closer to critical support.
Possible medium term trades:
Scenario 1 : Has resistance at 394 ( 20 DMA) and 400.
Can be bought with SL of 390 for a first target of 435
Scenario 2: If 390 breaks can be bought at 370 for a target of 435.
Long term trade:
Broken out of channel at 400 for a target of 660, if it stays above channel.
Disclaimer : Not a trading recommendation. Only for study/discussion purpose
Scenario 1 : Has resistance at 394 ( 20 DMA) and 400.
Can be bought with SL of 390 for a first target of 435
Scenario 2: If 390 breaks can be bought at 370 for a target of 435.
Long term trade:
Broken out of channel at 400 for a target of 660, if it stays above channel.
Disclaimer : Not a trading recommendation. Only for study/discussion purpose
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