As we can see from the graph the script is forming higher lows and volatility is getting contracted near 132 levels. Once the 132 levels are broken on daily chart one can see targets of 200 first with Stop loss of 100 on daily closing basis.
Here the trade is high probability because with price rise volume is also increasing so a good level of accumulation is done below 132 levels. Breakout will give 1:3 risk reward . post 200 levels I will again post the revised charts.
Here the trade is high probability because with price rise volume is also increasing so a good level of accumulation is done below 132 levels. Breakout will give 1:3 risk reward . post 200 levels I will again post the revised charts.