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The analysis is based Dow Theory and Moving average for the indications marked in the chart.
Seq1: HB-HT Sequence formed with significant volume, long position can be created above 377. Trade Plan: Direction bullish, Position Long, Entry above 377, SL 355, Target 400. The Moving average also indicate the bullish scenario as the trend is above the MA line.
Seq 2: LT-LB sequence formed consecutively with significant volume, short position can be created. The MA support the trend movement as the trend falls below the MA line in this scenario.
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