As we have broken the low of 41306 0n 29 Dec 2023. We have to shift our base to low of 40181 on 11 Dec 2024. The level to watch is 41289 for recovery. Upside level to watch for further momentum is 42398. The low of 41306 is the watched on downside. Else range expansion on downside may continue and then we may again need to shift the base.
Squaring the ATH gives an important resistance at 51750. Recent high is 49048. Magic level was 49049.Below 51750 we have 43125 to watch.
Squaring the recent high gives the level of 42917 and then 36786 level. Midpoint o this 2 levels is 39851.50. Recent low is 40600 on 18 Jan 2024. For further growth it needs to stay above 41868.75.
Happy Trading !!!
N.B. Npt an Trading Advice. With all usual disclaimers applicable on this eautifl platform.
Squaring the ATH gives an important resistance at 51750. Recent high is 49048. Magic level was 49049.Below 51750 we have 43125 to watch.
Squaring the recent high gives the level of 42917 and then 36786 level. Midpoint o this 2 levels is 39851.50. Recent low is 40600 on 18 Jan 2024. For further growth it needs to stay above 41868.75.
Happy Trading !!!
N.B. Npt an Trading Advice. With all usual disclaimers applicable on this eautifl platform.