MCDOWELL -N- BULLISH VIEW (reversal)--EDUCATIONAL PURPOSE
Bounced from 1 hr demand zone (formed in June-2022)
Expected to continue the reversal movement
Buy above 775.50
Tgt 1-873 (12.78%)
tgt2-890 (15%)
SL-737 (5%)
RR ratio: 1:2.6 for 1st tgt and 1:3 for 2nd tgt
Can face resistance near both trendlines and may consolidate for sometime before resuming the upmove
Time horizon :1 month
Expected to continue the reversal movement
Buy above 775.50
Tgt 1-873 (12.78%)
tgt2-890 (15%)
SL-737 (5%)
RR ratio: 1:2.6 for 1st tgt and 1:3 for 2nd tgt
Can face resistance near both trendlines and may consolidate for sometime before resuming the upmove
Time horizon :1 month
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