Price Action
The price was recently rejected from resistance (118690–119370) and is now looking for support near EMA-20 and the Bollinger mid-band.
Profit booking has occurred in the previous candles, meaning a slight correction is underway after the up-move.
Indicators
MACD: still bullish, but the histogram is getting smaller → momentum is decreasing.
RSI (55.86): in the neutral zone, not overbought or oversold yet.
Stoch RSI (47.59): in the middle, hasn't given a clear buy or sell signal yet.
Volume: volume has decreased in recent candles → less strength for a new trend.
SuperTrend: still on a buy signal.
Sentiment bar
70% buy, 30% sell → traders are expecting upside, but this is not reliable on its own.
📊 My analysis:
The current movement is a 'correction after uptrend' type. If the price can hold above EMA-20 or Pivot (above 115660), it may move up again. But if it breaks below the EMA, selling pressure will increase.
✅ Buy plan: confirmed bounce from EMA-20 or close above 118010.
❌ Sell plan: break below EMA-20 or close below 115660.
Entering now carries high risk; it's better to wait for clear candle confirmation.
