Highlight:-
- Retracement from top is 30%
- Sitting on 200 DMA cluster
- Formed Bullish Engulfing Candle at 200 MA
- Forming Box Pattern
Let's switch to smaller time frame { 4H } for more conformation.
- Formed Strong Bullish Divergence
- Formed Inverted Head & Shoulder
- Entry- Closing above flip line 'or'
- Trigger above 4750
- SL - {4H} CB 4400
- Target - {T1- 5200} {T2- 5600} {T3- 6***}
Let's switch to higher time frame to see the larger picture.
- It's in uptrend until and unless 4000 get taken out.
- This is Not investment advice. It's just my view. Invest your capital at your own risk.
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