The price will retrace to a level around the start of the daily support zone and will bounce back. A long will be favorable from that area around 30236. The preliminary target for this long should be 30836 but it may go higher. But for now lets focus on this 30836 level. Will hold or close depending on how the price reaches there.
Note
Here is the better chart image. The one posted above got posted badly as it was from phone,
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.