In this time frame, the price is moving in an uptrend channel and
after hitting the resistance range of $1160 enters the correction phase and
has faced good support in the $1050 range and also EMA200 has created support in this range.
The price is expected to continue its uptrend by crossing the $1160 range and going up to the $1285 range.
But if it can break the support range of the channel floor and EMA200,
we expect a fall to the range of 0.618 and 0.786 Fibonacci.

Resistance range: 1159 - 1213 - 1285

Support Range: 1017-983-938


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SANAM
Chart PatternsTechnical IndicatorsTrend Analysis

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