NSE AMBER: High probability Swing Setup
AMBER has been trading in the 1980 – 2060 range for more than 25 days. Prices were supported by 2060, but became resistance after a breakdown.
There can be no trade until the structure is broken. If the price breaks down the lower band of the parallel channel, traders can sell for the following targets: 1950 – 1890 – 1841.
If the price breaks out of the upper band of the value area at 2060, traders can buy for the following targets: 2090 – 2135 – 2279.
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NSE BDL – Bullish Outlook
NSE BDL has taken retracement on 50 EMA at 916 and has given a good upside move with momentum. The price sentiment is bullish, and the trend is continuing.
If the price sustains above 950, traders can buy for the following targets: 970 – 982 – 998+. Note that 914 is a crucial support for the price.
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