The Pair is trading in a range at higher levels. The Pair is consolidating between 412.76-403.60 we need to wait for the Index to break beyond this level, if the Security is able to break on either side, following are the conditions which need to be followed.

If the breakout is on the upside the Pair  has to close above 412.76 levels, wait for one candle to close above this level, if it is able to close above the mentioned level start buying.

If the RSI is trading above 73 ignore the breakout.

If the breakout is on the downside the Pair has to close below  403.60 levels, wait for one candle to close below the level, if it is able to close below the mentioned level start selling.

Range Bound

Dec 04 2022