– Market retraces since April 2021

– And now it has hit Weekly Inside Bar support,

– And then forming engulfing candlestick pattern. Low of the engulfing formed another support. Which can also be our stoploss level.

– Market breaks the Resistance 1 quite desicively.

– And then broke Resistance 2 as well.

– This indicates that the Bulls are now back in charge. The trend is about to change.

– Good buy range is anywhere from the Engulfing pattern up to Resistance 1 break.

– Chaikin Money Flow indicator is also below 0 line, signaling it’s ok to buy.

This is not investing advice. Please do your own research about the project.