- Rising Wedge Resistance
- Trend line from 2018 low
- Trend line from 2020 high for 12400 and 12250 around
- Fibonacci 78.6 retracement (in general a strong reversal zone)
- All this makes it a strong Confluence zone
- RSI is also indicating a reversal is imminent
- SL is 11377 in closing basis
- 11120, 11040, 10980, 10860, 10750, 10630, 10570, 10480 are intermediate targets
Trade active:
1st target achieved
Trade active:
second target achieved
Trade active:
3rd target achieved
Trade active:
Almost 4th target. 350 points+ delivered till now.