So the last post talked about getting the support around 22860 and bounce. It bounced yesterday and again today from that level which is 4 hour support area. Now it has blasted through the recent 4 hour resistance sitting at 23200.
Price is also trading currently above the monthly resistance and inside the weekly resistance zone. Lets watch the price action but it is looking promising. I think it is going to cross the recent high as it has higher probability but before that there could be a retest of 23200 level.
Price is also trading currently above the monthly resistance and inside the weekly resistance zone. Lets watch the price action but it is looking promising. I think it is going to cross the recent high as it has higher probability but before that there could be a retest of 23200 level.
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