We need to keep an eye on this guy. If it will retest the level of 3350 and if we see any green candle there we are good to go long in this script for a medium term around 4 to 6 months. for 1000 points target till 4500
Since we have observed cluster of support at the entry level in this script -
1) Daily 200 EMA support
2) Previous 2 resistances would likely to become support this time.
3) A trend line would be respected third time if it comes to this level. As shown in the above picture.
Let me know if you have any questions or you can also let me know how did you find this idea.
Thanks.
Sagar
Since we have observed cluster of support at the entry level in this script -
1) Daily 200 EMA support
2) Previous 2 resistances would likely to become support this time.
3) A trend line would be respected third time if it comes to this level. As shown in the above picture.
Let me know if you have any questions or you can also let me know how did you find this idea.
Thanks.
Sagar
Trade active:
About to reach Target 1. However it will surely touch 4500 as well. So keep holding this