I am providing my analysis on weekly time frame . Based on pure Candle stick analysis without using any indicator .
If you can take a look at last few weekly candles price has corrected sharply .... and now it's candle size is decreasing ... it's making narrow candle every week . And this week it looks like hammer ...
We can go long from here with pre-defined stop-loss or we can wait for a reversal signal and then enter .
Trade closed: target reached
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Target Achieved in 2 weeks .... Enjoy From 1249.45 to 1392 -> 11.4% up