Entry possible when day candle close above 39. Upcoming targets : 45/47/58
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Hoping for successful retest from the current level next week.
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First Target of 45 achieved
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Second target 47 done
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For risk takers, if the market is favorable, target of 58 is achievable. For others, can exit at the current price (51.5) with a gain of at least 30% (from 39 ---> 51.5).
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Update for long term risk takers, holding from above 39, a cup and handle pattern is formed in the weekly chart and expecting retest up-to 43. If retest is successful, the price will move up from 43 levels. Also in daily chart frame, the price is moving downwards from the high of 56.5 during the rally, and expected to take support from 61.8% fib retracement levels.