Hello Traders,
Critical Zone Breakout from Supply Zone Indicates Potential Downside Momentum,
We have A Supply Zone, And We Breaked a Trend Line So, There is A Potential Move Downside.
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Naukri on daily time frame has reached its resistance of 4544 which it has not crossed since Aug'23. Pattern-wise, I can see cup & handle formation but RSI is also at its resistance level of 72.64. So I will plan to go short tomorrow if there is any sign of reversal at 4550/4580 level where my SL will be very small. If price can sustain above 4577 at least for 1...
