- Primary trend is upwards
- Closest support area is around 155, resistance around 165.
- Currently facing a volatility squeeze- forming narrow pattern.
Indiabulls Weekly
4. Monthly charts indicate a long period of consolidation.
5. If sustains above 170, can indicate start of a major bull run.
6. Favors both long and short setup. Short with stoploss 170 and target 140; Long if sustains above 170 with stoploss 163.
Indiabulls Monthly
