Long positions above 27000 with targets at 28600 & 29660 in extension.
Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Rise |
---|---|
Change In Short Term View | None |
Medium Term View (Bullish, Range, Bearish) |
Bullish |
Change In Medium Term View | None |
Pivot: 27000
Our preference: long positions above 27000 with targets at 28600 & 29660 in extension.
Alternative scenario: below 27000 look for further downside with 26000 & 25000 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
While reasonable efforts have been taken to ensure that the calculations performed by the features of this site are reliable, the features are provided on the basis that:-