Reasons for bullish bias: - Price at a strong support level - Price retraced from 0.786 fib level and it broke the 0.5 resistance level as well - Strong bullish weekly closing at a rising trendline - Bullish divergence
Here are the recommended trading levels: Entry Level(CMP): 163.28 Stop Loss Level: 135.60 Take Profit Level 1: 185.24 Take Profit Level 2: Open
Note: An SL at 145.58 can also be placed as it's a strong support zone but the trend structure will only break if 135.60 breaks, partial profit at 175.88 can also be taken.
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