Hello & welcome to this analysis
In the monthly time frame a comparison between the period which happened between 2018 - 2020 and the current one from June 2022 till now suggests a lot of similarity in path.
In the current scenario its taking support at the lower end of the channel and consolidating. if 17300 is held then it could resume its uptrend for the upper end of the channel.
Do note this is a monthly time frame outlook and not for short term derivative swing / breakout trading.
Best wishes on your investing/trading.
In the monthly time frame a comparison between the period which happened between 2018 - 2020 and the current one from June 2022 till now suggests a lot of similarity in path.
In the current scenario its taking support at the lower end of the channel and consolidating. if 17300 is held then it could resume its uptrend for the upper end of the channel.
Do note this is a monthly time frame outlook and not for short term derivative swing / breakout trading.
Best wishes on your investing/trading.
Note
Raising the trail stop loss in this to 17800 from 17300
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.