The security near the resistance level is consolidating. The security has been trading in a strong uptrend from a while at higher level retracement was seen in the security and upward move was again seen in the security, at the previous high the security has seen some selling pressure which led the price to retraced again and consolidation was seen at higher level.

A breakout at any side would be an opportunity to enter in the security. The security is following the EMA perfectly, if the security trades below the EMA we can see some selling pressure coming in the security for upside move the security has to trade above previous high.

Advice : Trade according to the breakout.

Discovery

Mar 27 2022