BCC is forming a bullish butterfly around 980 level, with price action making higher lows and RSI also curving up, this may be an indcation of a short term reversal around the D point (PRZ for the buterfly)
If bcc manages to break above 1000 level with confirmation, then it will look to Target the 61.8fib resistance level at 1063
Target 1: 1015-1016
Target 2: 1056-1063
on bearish note if bcc breaks below 915 level then it may fall to the 78.6fib support at 850.
If bcc manages to break above 1000 level with confirmation, then it will look to Target the 61.8fib resistance level at 1063
Target 1: 1015-1016
Target 2: 1056-1063
on bearish note if bcc breaks below 915 level then it may fall to the 78.6fib support at 850.
