BULLISH VIEW IN RK FORGING--Educational Purpose

BOUNCE FROM WEEKLY DEMAND ZONE- BULLISH VIEW-
Educational purpose

Bounced after testing weekly demand zone and consolidating for 3 weeks suggest reversal of the downtrend.
Fibo targets :
Target 1 : 1375 (108%) (24-30 months)
Target 2 : 1570 (137%) (36-42 months)
SL : weekly closing below 550 (-17%)
RR Ratio : 1:8.5

Only long term view