It’s been a nice one-sided month of Feb and March. Bears active all around.
Now the question arises what next?
Let’s focus on charts and see what price is offering.
Below are the charts for your reference.
On Hourly Chart, Price is perfectly moving in a parallel channel. Channel Resistance at 10300.
On Daily Chart, Price perfectly took support at confluence zone.There is an RSI(14) positive divergence.
On Weekly chart price perfectly took support at 38.2% fib ratio and now important to see tomorrow’s expiry, If the price goes above 10300 then you can expect further rally till 10500 levels.
Trade Setups are –
Buy above 10210 spot levels for Target 10300-350-400 levels with SL 10140
Sell Below 10140 spot levels for Target 10070-10020 level with SL 10210.