The SECURITY is trading in a range at higher levels. The Pair is consolidating between 161-159 we need to wait for the Pair 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 Security has to close above 161 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 Security has to close below  159 levels, wait for one candle to close below the level, if it is able to close below the mentioned level start selling.

Rectangle Pattern

Jan 19 2023