NRAIL Channel /resistance zone break

20 Sep 2022

NRAIL

Time Frame – Weekly

Observations:-
* First it break the strong resistance zone of 365 – 335 with good volume
* Now it break the Channel pattern
* Good consolidation seen near weekly 200 SMA
* Good volume activity seen after breaking weekly 200 SMA


Resistance – 440 / 515 / 616

Support – Zone 1 – 365 to 335, Zone 2 – 280 to 250 & Weekly 200 SMA


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