Seems to be a good entry point. Correction ended with a Bull Market Truncation at 0.786 Fibonacci Retracement level.The RSI shows a good amount of divergence with just about to cross the EMA . ADX indicator even shows the sign of bullishness. The EOD candlestick pattern also signals bullishness .As there are multiple confirmations from many indicators so can trade with a SL of 209 for a target of 267-294. The RRR stands to be at 2.4 to 4 at current CMP.
Comment:
CHART & ANALYSIS - ADARSH DEY
Trade active:
Near the 1st Target , Profit booking advisable
Trade active:
1st Target of 267 Done. 25Nov2022
Trade closed: target reached:
10th JAN : HIGH - 291
