Price has a Monthly Supply formed and has to reach it in order to continue the downtrend, Therefore we have a Weekly Demand which will drive the Price till the Monthly Supply area, the Reward to Risk ratio is 3:1
Consolidation Going On,,, Good To & Hold,,,,,, Vikas Sir,,,,
WavesandZones
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@vikasdebnath022, This is a Trade derived as per Weekly Demand and the Target is the Monthly Supply formed in the opposite. The Entry was 276.60 and today it is 281.60 thats a 2.50% of rise and in FUT its a substantial upward move. Consolidation is Sideways whereas this is a clear Uptrend ENJOY THE RIDE ! ! !