BOUNCE FROM WEEKLY DEMAND ZONE- BULLISH VIEW
EDUCATIONAL PURPOSE
Bounce back observed from weekly demand zone after consolidation of 6-7 weeks
Double bottom formation in weekly demand zone indicates reversal of downtrend
Fibo Targets
Target 1 : 1088 (116%) (24-36 months)--June 2028
Target 2 : 1240 (146%) (40-60 months)-- June 2030
stoploss : Weekly closing below 438 (-15%)
RR ratio 1:10
Only long term view, Need to clear hurdle near 825-850
EDUCATIONAL PURPOSE
Bounce back observed from weekly demand zone after consolidation of 6-7 weeks
Double bottom formation in weekly demand zone indicates reversal of downtrend
Fibo Targets
Target 1 : 1088 (116%) (24-36 months)--June 2028
Target 2 : 1240 (146%) (40-60 months)-- June 2030
stoploss : Weekly closing below 438 (-15%)
RR ratio 1:10
Only long term view, Need to clear hurdle near 825-850
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.