Nov 2, 2022

Seems to be a good entry point. Correction ended with a Bull Market Truncation at 0.786 Fibonacci Retracement level.The RSI shows a good amount of divergence with just about to cross the EMA . ADX indicator even shows the sign of bullishness. The EOD candlestick pattern also signals bullishness .As there are multiple confirmations from many indicators so can trade with a SL of 209 for a target of 267-294. The RRR stands to be at 2.4 to 4 at current CMP.

Nov 2, 2022

Note

CHART & ANALYSIS – ADARSH DEY

Nov 24, 2022

Trade active

Near the 1st Target , Profit booking advisable

Nov 25, 2022

Trade active

1st Target of 267 Done. 25Nov2022

Jan 15, 2023

Trade closed: target reached

10th JAN : HIGH – 291