TF: Daily
The script seems to be making a strong base at around the 200 DEMA and now trying to come up.
Price has taken support at the trendline rising from June 2024 lows.
Price is at the confluence zone (resistance turned support) of 540-570
A decisive breakout above 570 could take this script higher.
With a stop of daily close below 540, this looks like a good LRHR set up.
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
The script seems to be making a strong base at around the 200 DEMA and now trying to come up.
Price has taken support at the trendline rising from June 2024 lows.
Price is at the confluence zone (resistance turned support) of 540-570
A decisive breakout above 570 could take this script higher.
With a stop of daily close below 540, this looks like a good LRHR set up.
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
Operación activa
The set up seems to be in maturing stage.. yet to come out of consolidation though..We have immediate hurdles at 580
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.