Reasons for bullish bias: - Price respecting upward trendline - Harmonic AB=CD pattern formation - Price is at horizontal support - Safe entry can be taken after a bullish candle closing - No divergence
Here are the recommended trading levels: Entry Level(CMP): 47.15 Stop Loss Level: Closing below 43.5 Take Profit Level 1: 52.59 Take Profit Level 2: 57.41 Take Profit Level 3: 72