An Idea not advice
Reasons for coming days will likeliest short back to 12119.6 area
Reasons for possible long
Reasons for coming days will likeliest short back to 12119.6 area
- Retracement after hitting a resistance which was prior support
- 9% up rally is likely planning to find a rest which in line with retracing makes sense
- Mid- Avg pricing around that area within the weekly perspective
Reasons for possible long
- Seems the market currently doesn't like the current lows.
- The lows were mitigated and rejected quickly
- Pulling huge attraction towards 12898.5
- That particular area had been a great demand before in 2021
