Trendline Support and FIB retracement
Updated
Taking trend line support and is at 23.6% retracement levels from its previous swing lows and highs. A bounce from this level will trigger an up move and any breakdown will weaken it further. Its a wait and watch for any trade to be initiated.
FNO Data shows short covering and if there is a follow through action on the same, then expect to go long here.
FNO Data shows short covering and if there is a follow through action on the same, then expect to go long here.
Trade active
CAn enter long here now as it has bounced exactly off support
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