The Index is currently trading within a defined range, oscillating between 12,230 and 13,575 points. To initiate a trade, it is crucial to await a breakout from this range.

Condition 1: If the breakout occurs on the upside, the Index must close above the 13,575 level. Once a candle closes above this threshold, consider initiating a buy position. However, please exercise caution and refrain from trading if the Relative Strength Index (RSI) is above 73.

Condition 2: Conversely, if the breakout takes place on the downside, the Index needs to close below the 12,230 level. Wait for a candle to close below this mark before contemplating a sell position.

Advice: Base your trading decisions on the occurrence of a breakout, adhering to the specified conditions.

Rectangle Pattern

Sep 25 2023