Reasons for bullish bias: - Price gave range breakout - Price bounced from support - No divergence Here are the recommended trading levels: Entry Level(CMP): 33.15 Stop Loss Level: 26.46 Take Profit Level 1: 39.84 Take Profit Level 2: 46.53 Take Profit Level 3: Open
Buy: 0.578 SL: 0.5 T1: 4.186 T2: 7.136
Possible touch of the channel bottom (c. 42PLN) On watchlist.
Sequence of downward waves should be over at this point. I await the bottom to be confirmed soon and then a significant rally to reddish rectangle with prior closure of a gap.