Chart Analysis (Upside Breakout):
✅ Breakout Confirmation:
The price broke above the resistance level around 25,440.
This is a strong sign of a bullish breakout.
🔼 What It Indicates:
Buyers are now in control of the market.
The next possible target or resistance could be around 25,520 or higher (as per the upper levels on the chart).
If the breakout is supported by good volume, it adds further strength to the move.
🧠 For Traders:
It may be a good opportunity to consider long (buy) positions, especially after a small pullback and confirmation.
Stop Loss: Can be placed near the breakout level (~25,440), which now acts as support.
Target: You can aim for the next resistance zones like 25,520, 25,600, etc.
📊 Volume Insight:
There is a noticeable increase in volume during the breakout, which confirms the validity and strength of the move.
✅ Breakout Confirmation:
The price broke above the resistance level around 25,440.
This is a strong sign of a bullish breakout.
🔼 What It Indicates:
Buyers are now in control of the market.
The next possible target or resistance could be around 25,520 or higher (as per the upper levels on the chart).
If the breakout is supported by good volume, it adds further strength to the move.
🧠 For Traders:
It may be a good opportunity to consider long (buy) positions, especially after a small pullback and confirmation.
Stop Loss: Can be placed near the breakout level (~25,440), which now acts as support.
Target: You can aim for the next resistance zones like 25,520, 25,600, etc.
📊 Volume Insight:
There is a noticeable increase in volume during the breakout, which confirms the validity and strength of the move.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.