NIFTY 50 Potential Bounce Zone?

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

syot kilat
Nota
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.
Dagangan aktif
Entered long
Nota
Moved SL to entry
Nota
Looks bearish, looking for a strong bounce next week else stop is inevitable.
Dagangan ditutup: sasaran tercapai
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 syot kilat
Demand ZoneDivergenceedgetoedgeTechnical IndicatorsIndicesNIFTYnifty50Trend Analysis

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