Chambal is under selling pressure and trading near the support zone... Price is trapped between the downtrend line and 1st major support. If the price breakout the trendline, the chances of a 25-30% rally. Keep stop loss very tight. (I am not a financial advisor, it's purely based on my analysis. Feel free to correct me in the comment box :) )
Kommentar:
Price got resistance from the trendline and penetrated through 1st support. If the price takes support here... keep SL minimum and entry should be good by considering price action in the lower time frame. If the price breakdown, wait for the next support level.