We have a bullish bias that price will rise from our buy entry at 22560.82, where the pullback support, 61.8% fibonacci retracement, and 78.6% fibonacci projection are, to the take profit at 24703.69 on the H4. Price is moving within a bullish channel, and RSI is moving along an ascending trendline.also the Williams %R is showing -86 which is in oversold territory and it is a buy signal.
• There is resistance23034.92, followed by resistance at 23485.20 and 24703.69.
• There is support at 22560.82, Below, there is 22160.10 and 20754.12.
Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.
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