Entry Point:
108,050.12
Marked just above a support area where price shows potential reversal signs after a downtrend.
Stop Loss Zone:
Around 107,302.61 to 107,758.54
Positioned below the purple support box to minimize downside risk.
Target Point:
110,588.52
This is a projected EA target point, offering a Risk:Reward ratio > 1:3 based on visual estimation.
Key Indicators:
Red Line: Likely the 50 EMA, showing bearish pressure.
Blue Line: Likely the 200 EMA, acting as dynamic support near the entry.
Trendline (Blue): Break above this trendline could confirm bullish momentum continuation.
Price Action Notes:
Support Zone: Highlighted in purple — strong accumulation observed here.
Two Orange Circles: Represent lower high and possible higher low formation — indicating a potential reversal.
✅ Trade Outlook:
Bias: Bullish (Long Setup)
Confirmation: Await breakout & close above the red moving average or trendline.
Volume Confirmation: Volume spikes would strengthen the long signal.
⚠️ Risk Management:
Use Stop Loss: Below purple zone (around 107,300) to protect capital.
Take Partial Profits: Around 109,500 if price faces resistance before full target.