finolex cable looks bullish in medium term.

it is in a strong uptrend in monthly time frame.
in weekly, price recently bounced from uptrend channel support and horizontal support.
Also hidden bullish divergence seen in weekly.

so sl - 447, tgt1 - 551, tgt2 - 590

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till now 508.90

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it has to break the downtrend line to move up ,

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moving up as expected till now 524.9,

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till now 530.15

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1st target done here, closed at 550.40.

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bearish bat formed here in daily, and price reversed from PRZ.

So risk averse traders may book the profits, total 11% profit.

Сделка закрыта: достигнута тейк-профит цена:

both the tgts are achieved here, also price is near channel resistance, total 28% gain till now

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in daily, price is approaching for a squeeze,

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price closed above upper BB and BB expansion happened here,