Pundi buy zones

5 Mar 2019

This chart is not an easy one to read because of small unit value. Moving averages and cycles theory are here to help.

Trading range between 16 and 20. Right now moving down to 16-17 support. Current cycle went all in sidemoving so the next one should bring some action.

Plan A: buy the dip at 15-16 with stop loss at 14. Targets 19 - 21 - 24
Plan B: if it falls down, buy at 11, sell at 15 - 16 (losses on SL from plan A will be fully covered)