RGL retest support and bounce now

31 Ağu 2023

RGL RGL

Time Frame – Monthly

Observations: -
* Consolidation & range formation seen in 115-82 range.
* Monthly closed above 115 must for range breakout
* Above average volume activity seen in this consolidation now
* Price retest the April 2021 breakout level and consolidating above that level
* Trend changed expect from consolidation to upside once monthly close above 115

Resistance – 133 / 155 / 183 / 218.20

Support – 82 level

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