Definitely a good investment bet. For those who believe in buying low and selling high , a good time to buy as the price is in the area of confluence ( weekly support & weekly trend line support ) . Stoploss for this trade could be weekly closing below 650. Targets could be the resistance levels mentioned as R1, R2 , R3 & The final target could be the channel top. one can also look to add on to their long positions once the resistance levels are crossed on weekly closing basis ( Pyramiding).
This is just my view..... trade according to your own risk management.
This is just my view..... trade according to your own risk management.