IBULHSGFIN - Looks like trying to come out of years of downtrend.
'Based on indicators, Currently trading above most of the moving averages On Daily, Weekly, and Monthly time frames.
Also trying to break 3 years trend line. We can see the triangle pattern formation and breakout here will give good returns.
Also Vol - Buy pressure is increasing, CCI is on the rise.
Also we can see - if current momentum take the price to complete the formation of the triangle - we should test 300+ levels and beyond.
May face some resistance at 250-260 levels - once crossed and sustained, good opportunity for adding more.
Add to watchlist for further study,
'Based on indicators, Currently trading above most of the moving averages On Daily, Weekly, and Monthly time frames.
Also trying to break 3 years trend line. We can see the triangle pattern formation and breakout here will give good returns.
Also Vol - Buy pressure is increasing, CCI is on the rise.
Also we can see - if current momentum take the price to complete the formation of the triangle - we should test 300+ levels and beyond.
May face some resistance at 250-260 levels - once crossed and sustained, good opportunity for adding more.
Add to watchlist for further study,