The piercing candle, developed on the weekly time frame, depicts support.
While on the Daily time frame, the candle is at downward resistance. It is likely to give a breakout.
Looking at the price structure it is expected to remain range bound for this month 17400 to 18300 range.
While on the Daily time frame, the candle is at downward resistance. It is likely to give a breakout.
Looking at the price structure it is expected to remain range bound for this month 17400 to 18300 range.
