Fibonacci Level: Closed above critical level (0.5) at ₹2025.75.
50-Day Moving Average: Surpassed 50-DMA at ₹2030.33.
EMA & MA Crossover: Bullish signal with the red line crossing above the yellow line.
Parabolic SAR: Two days of positive signals indicating a bullish direction.
MACD: Positive crossover noted on 18th January 2024.
RSI & %R: Positive crossover on 29th January 2024; trading high.
Fisher Transform: At the upper band, indicating bullish sentiment.
🎲 Market Outlook:
Short-term bullish trend expected if market opens positively on 1st February 2024.
🎯 Targets & Entry Point:
Entry Point: If market opens above ₹2031.90.
Target 1: ₹2072.8 (Fibonacci 0.64 level).
Target 2: ₹2138.45 (Fibonacci 0.786 level).
🛑 Stop Loss: For conservative traders: ₹1881 or ₹1886.25.
🔔 Disclaimers & Disclosures:
This analysis is based on historical data and does not guarantee future performance. Investors should conduct their own research or consult a financial advisor before making investment decisions. This content is for informational purposes only and should not be construed as financial advice.