Time Frame : 4H
Chart Type : High-Low
(High-Low chart type filters noise from the chart and gives us a candle with High-Low)
The resistance zone is marked on the basis of the bearish move of 13% in 10 days (13August to 22August). The price has marked a zone of 1618.50 to 1660 and now the price has further declined 5% from this zone. Now the price is at the support of the previous low of 1550.
For now we mark a support line at 1550 and as price moves we decide for our support zone with the help of High-Low chart.
Support - 1550
Resistance Zone - 1618 to 1660
Hope this helps.
Thanks
Sardar Simranjit Singh Virdi
Chart Type : High-Low
(High-Low chart type filters noise from the chart and gives us a candle with High-Low)
The resistance zone is marked on the basis of the bearish move of 13% in 10 days (13August to 22August). The price has marked a zone of 1618.50 to 1660 and now the price has further declined 5% from this zone. Now the price is at the support of the previous low of 1550.
For now we mark a support line at 1550 and as price moves we decide for our support zone with the help of High-Low chart.
Support - 1550
Resistance Zone - 1618 to 1660
Hope this helps.
Thanks
Sardar Simranjit Singh Virdi
