HAPPSTMNDS
On Weekly chart If we see its in a decaying pattern from Sep 2021 and as of today its almost 50% declined.
Now as we se the RSI on weekly or on Daily its in cooling zone or 25 to 32 so we may see a bounce in this in near future.
SO if it moves in upward direction with a little bounce then targets are:-
R1 = 1003 around (9%)
If bounce is major then
R2 = 1140 around (20%)
Also currently it is in a crucial support of and if market remains in negative trend (as per global clue and other local factors 80% changes are their) then here are the support levels:-
S1 = 857
S2 = 762
S3 = 625
S4 = 538
As of now this is good for trading not for holding any long positions unless it show the reversal.
What is the best time to add more long positions is?
If it crosses the 1263 means around (25%) recovery from current point.
Disclaimer:- Above are just information that can be used for analysis purpose, Play responsibly.
All above mentioned positions are as per the today market session, please adjust it as per your buying price.
That is how much profit or loss you can handle