After Making a high of 40 it has retraced to 33.9 levels Which is also 0.61% Fibonacci Retracement of the earlier upmove so You can buy now with a small SL 33.9 levels for 40 levels.
Once it crosses & closes above 41 Levels on weekly chart a momentum can come which can take it upto 60 levels
CMP 36
SL 33.9
Target- 40, 44, 60, 72
Once it crosses & closes above 41 Levels on weekly chart a momentum can come which can take it upto 60 levels
CMP 36
SL 33.9
Target- 40, 44, 60, 72
Note
After almost hitting 55 levels it had terraced back to 48 levelsNow again showing strength can hold it or book half here
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.