It is been observed on the daily chart that the price action is breaking above the resistance zone indicating a further move up. It shall confirm the further move up once it closes above 1470 levels on the daily chart.
@NeeteshJain, Already Mentioned "GOOD Opportunity Trading", Cautious not for Disciplined DAY Traders.
AbhishekHiremath
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if we look at the monthly charts,a different picture appears..but tell me if this is right.
NeeteshJain
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@AbhishekHiremath, Calculate divergence once it reaches to 1600 levels.
kacharts
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@AbhishekHiremath, feel same and yes do read the end part , to me its a extremely strong
Manish_Kumar1
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@KumarAbhilash, that Inverse HNS is superb.thanks for catching n sharing
AbhishekHiremath
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@KumarAbhilash, absolutely agree with this!
DSKF16
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Agreed, but Caution will be there. as result session knocking the door, in last 3 months Avg. of Crude is in DN trend. So, REFINING Margin Will be in deep Pressure. May be a Trap.
abhinavk31
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Neetesh, by the time you posted I think price had already reached 1480!