trend is bullish
did 38.2% retracement after upmove started from 142 odd levels
in 4 hr timeframe it is at cloud top support.
making morning start
if we close above 216 we will see good upside.
nicely poised at trendline support but if breaks on a closing basis we might see 3980 in quick time.
any monthly closing below 3980 will confirm the reversal, till then you can hold your bullish view.
we saw good selling this week with good volume.
if it breaks the trendline on closing basic will enter the cloud and might take support around 3980 if it manages to close below that level in monthly candle we might consider it as a reversal point.
