After a strong breakout from trendline price tested trendline and resistance , again turned to be bearish by breaking the channel again... if retest tomorrow price retest to the channel , will looking for short side...
Observations: ---->> trending upwards. ----->> we have a trendline support as well. ------->>Keep track this level @1120 will again push the price to lower levels. ------>> previous support level @1070 level holds again it will turn to bullish up to 1150 range.
The price has fallen from a level of 1377 forming a bearish flag pattern on the daily time frame and has reached the lows of 1090. From here we should see an upward movement which has already been shown today, however look for entry opportunities above 1149 for a target of 1338. Maintain strict stop loss due to volatility in the market. ENTRY 1148 STOP...