Trade rationale

Other – Study mentioned in Notes Below

The Attached chart showing a decent completion of Horizontal triangular formation, which dnotes a price hesitations at present levels. The breakout of the pattern will continue the ongoing rally to the 3025 levels and further. Stop loss can be placed at immediate support levels of 2850 levels. On 30 min time frame, RSI (14) stood at 46.9, MACD(12,26,9) at 0.95 and ADX(14,14)at 11.5 confirms the short term buy call for the script.