NIFTY 50 Potential Bounce Zone?

NIFTY50 looks primed for a bounce at blue demand orderblock.

Analysis -

• Price about to enter demand zone which has already been tested twice and bounced.
  
  
• Ichimoku edge to edge target is about to be fulfilled.
  
  
• Bullish divergence on weekly with several momentum oscillators, will post RSI div down in the updates.
  
  
• Oscillators are about to be bottomed out.
  

Commento:

Bullish weekly divergence on RSI
> Invalidates if we close below 9980

Commento:

Forgot to mention, will open a long at either demand zone or cloud edge, whichever comes first. Seeing multiple frontruns this week, won't be surprised if market inclines before we reach demand.

Trade attivo:

Entered long

Commento:

Moved SL to entry

Commento:

Looks bearish, looking for a strong bounce next week else stop is inevitable.

Trade chiuso: obiettivo raggiunto:

Been busy past few days, therefore not updating calls.
Initial long entry held well, exited at bearish supply zone at 10,900.
This is what I looked at