Sejal_j

Sejal_j

In this analysis, we are focusing on Price Action and using pullback trading as our method of trading. Based on our trading methodology, the price has recently pulled back into the demand zone in the monthly chart, with a target of 105. The weekly chart has been in an uptrend, but recently has signaled a trend reversal. However, as a monthly zone is considered...

Sejal_j

Expect the price to move toward the supply zone @ 570 through 587

Sejal_j

Expect the price to rise to 580 where the weekly supply zone (red rectangle) lies. The supply zone will push the price downwards. The price should start moving upwards again from one of the 3 demand zones (green rectangle). Break past the supply zone @ 614 and reach for the second supply zone @ 658 break past this supply zone @ 666, chasing a target of...

Sejal_j

Expect the price to pick up from the current demand zone @ 7,277 and reach for breaking the first supply zone @ 8,123. Following this, the price could face a little hurdle at the second supply zone @ 8,892 where the price will be pushed down. Breaking past this supply zone @ 9,127. The price is to move upwards and reach for the third supply zone @ 9,496. Here the...