CMP 1067 on 04.10.25
All important levels are marked on the chart.
The price has been traveling in a parallel channel and presently resting at the lower edge of the channel.
Also, a double bottom pattern was formed, with a bottom of around 1000.
First target is 1160, considering the stop loss of 1000.
If it crosses 1180 and sustains above, it will gain more strength.
If it sustains below 1000 levels, the setup will go weak.
One should keep the position size in accordance with the risk capacity.
All these illustrations are only for learning and observation purposes; they should not be considered as trading recommendations.
All the best.
All important levels are marked on the chart.
The price has been traveling in a parallel channel and presently resting at the lower edge of the channel.
Also, a double bottom pattern was formed, with a bottom of around 1000.
First target is 1160, considering the stop loss of 1000.
If it crosses 1180 and sustains above, it will gain more strength.
If it sustains below 1000 levels, the setup will go weak.
One should keep the position size in accordance with the risk capacity.
All these illustrations are only for learning and observation purposes; they should not be considered as trading recommendations.
All the best.
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