Price Action
Current Price: 127.94
Recent High: 128.78
Recent Low: 123.40
Price made a strong bullish move and is now trading near resistance.
EMA Analysis
EMA 7: 127.20
EMA 25: 126.36
EMA 99: 125.90
EMA 7 > EMA 25 > EMA 99
Bullish EMA alignment (strong trend confirmation)
Price is trading above all EMAs → buyers are strong
RSI Analysis
RSI (6): 77.79
RSI is in the overbought zone
This means:
A short-term pullback or consolidation is possible
Overall trend is still bullish
Volume Analysis
Increasing volume on green candles
Strong buying interest
No clear bearish divergence
Resistance Levels
Immediate Resistance: 128.80
Major Resistance: 130.00
If price breaks and closes above 128.80:
Next targets: 130.00 – 132.00
Support Levels
Immediate Support: 126.80 – 126.30
Strong Support: 125.50
Major Support: 123.40
Trading Scenarios
Buy on Pullback (Safer Setup)
BuyPrice Action
Current Price: 127.94
Recent High: 128.78
Recent Low: 123.40
Price made a strong bullish move and is now trading near resistance.
EMA Analysis
EMA 7: 127.20
EMA 25: 126.36
EMA 99: 125.90
✅ EMA 7 > EMA 25 > EMA 99
✅ Bullish EMA alignment (strong trend confirmation)
Price is trading above all EMAs → buyers are strong
RSI Analysis
RSI (6): 77.79
RSI is in the overbought zone
This means:
A short-term pullback or consolidation is possible
Overall trend is still bullish
Volume Analysis
Increasing volume on green candles
Strong buying interest
No clear bearish divergence
Resistance Levels
Immediate Resistance: 128.80
Major Resistance: 130.00
If price breaks and closes above 128.80:
Next targets: 130.00 – 132.00
Support Levels
Immediate Support: 126.80 – 126.30
Strong Support: 125.50
Major Support: 123.40
Trading Scenarios
Buy on Pullback (Safer Setup)
Buy Zone: 126.50 – 126.80
Stop Loss: 125.40
Targets:
TP1: 128.80
TP2: 130.00
Short / Sell (High Risk – Scalping Only)
If price rejects from 128.80
Short Entry: 128.50 – 128.80
Stop Loss: 129.30
Target: 126.80
Trend is bullish, so shorts are risk Final Verdict
Market Bias: Bullish
RSI is high,
