Wednesday 24 April 2019

Lead Daily Chart Has Formed “Falling Channel

Lead daily chart has formed “Falling channel” pattern. The last few sessions ended up in consolidation along with some corrections inside the channel. The market is expected to continue on bearish momentum based on the current price action, once the same breaks below a key support holding at 132.50.

The downside rally could be testing all the way up to 131-130 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 135-136 level. Key resistance holds at 136.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-2428906 | Toll Free - 1800-123-2353
Give a Missed Call for Free Trial - 09699997717

No comments:

Post a Comment

Powered by Blogger.

Twitter