Trade rationale

Other – Study mentioned in Notes Below

The attached chart below showing support at multi time frame for the script. It has shown a strong support at present levels of 580 levels. The immediate target can be kept at 38.2% Fibonacci retracement of the immediate correction at 605 levels with a stop loss below 560 levels. On hourly chart RSI(14) stood at 33.9, MACD(12,26,9) at -2.8and ADX(14,14) at 28.8 confirms the short term buy call for the script.