Reasons-
1) Recent downside breakout making the noob traders open short positions.
2) Bank likely to book profits there and creating huge demand.
3) Stop losses of the bears getting triggered will also fuel the rally.
4) Monthly support is far important than daily support.
5) Buying long near the lower Bollinger band itself brings more odds in our favour
6) Bullish divergence on weekly (rsi)
7) Small stop loss and big reward capacity trade.
Kindly trade at your own risk.
Good Luck ^_^
1) Recent downside breakout making the noob traders open short positions.
2) Bank likely to book profits there and creating huge demand.
3) Stop losses of the bears getting triggered will also fuel the rally.
4) Monthly support is far important than daily support.
5) Buying long near the lower Bollinger band itself brings more odds in our favour
6) Bullish divergence on weekly (rsi)
7) Small stop loss and big reward capacity trade.
Kindly trade at your own risk.
Good Luck ^_^
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