Trend Line & Demand Zone
* The trend line shows an upward trend.
* The demand zone 🟦 acts as strong support, where buyers are likely to step in.
Price Action
* Price is bouncing off the demand zone ️ Bullish Signal
* Higher lows forming, indicating potential upward momentum.
Trade Setup
Entry Point: Near the demand zone 🟦
Stop Loss: 3,099.26 (Below demand zone)
Target Point: ⬆️ 3,148.58 (Key resistance area)
Expected Movement
* A slight pullback before a strong push up
* If price holds the demand zone, potential rally ahead!
Risk-to-Reward Ratio ️
* Favorable trade setup High reward, controlled risk
Final Verdict
Bullish Bias As long as demand zone holds!
Warning: If price breaks below 3,099.26, expect further downside!