On weekly chart it shows short and trend seems to be Short, It is possible for a bounce back momentum play on long side Looking at triangle formation and Fibonacci retracement levels Possible to go long @ current level with stoploss at 26639/600 for target insight at 27000, 27112. At 27000, 27112 seems to be a possible resistance level. Technical bounce back play Levels might be possible to hit in 2-3 days Use stop loss
Comment
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Pullback from stop loss at 26639/600 worked well, Made high of 26996.
Trade closed: target reached
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First target 27000 achieved. touched high 27099
Trade closed: target reached
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Second Target 27112 Reached on Feb 25 with High of 27197 , Total gain 470+ Points