BOUNCE FROM WEEKLY DEMAND ZONE- BULLISH VIEW
EDUCATIONAL PURPOSE
Bounce back observed from weekly demand zone after consolidation of 6-7 weeks
Double bottom formation in weekly demand zone indicates reversal of downtrend
Fibo Targets
Target 1 : 1088 (116%) (24-36 months)--June 2028
Target 2 : 1240 (146%) (40-60 months)-- June 2030
stoploss : Weekly closing below 438 (-15%)
RR ratio 1:10
Only long term view, Need to clear hurdle near 825-850
EDUCATIONAL PURPOSE
Bounce back observed from weekly demand zone after consolidation of 6-7 weeks
Double bottom formation in weekly demand zone indicates reversal of downtrend
Fibo Targets
Target 1 : 1088 (116%) (24-36 months)--June 2028
Target 2 : 1240 (146%) (40-60 months)-- June 2030
stoploss : Weekly closing below 438 (-15%)
RR ratio 1:10
Only long term view, Need to clear hurdle near 825-850
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