HINOON is in uptrend printing HHs and HLs on 1D timeframe. Recently the chart has formed a Flag and Pole pattern. It is likely that break of previous LH (941.62) shall result in another rally that may take the price upto level of 1207.30. SL is placed below lowest point of the flag (831.72).
It is pertinent to mention that previous all time high of 1,000.00 may act as a major resistance and we may need to be careful for any reversal indications at this point. However, at this point there is no apparent indication of reversal from current price level.
TPs may be broken as per following:
TP1=1051.52
TP2=1161.42
TP3=1207.30
It is pertinent to mention that previous all time high of 1,000.00 may act as a major resistance and we may need to be careful for any reversal indications at this point. However, at this point there is no apparent indication of reversal from current price level.
TPs may be broken as per following:
TP1=1051.52
TP2=1161.42
TP3=1207.30
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