a promising setup but one needs to catch it on green closing above the previous week for best entry for trading
and
if one wanna buy a great R:R can enter at cmp but with strict SL
SL will be closing basis below support zone in weekly timeframe or as per your setup
target as per fibo level one can take a sum of profit or trail as per fibo level or there own setup
one thing keep in mind its a weekly chart all the target must be follow on weekly basis
do u own analysis i might be wrong
i am not a sebi registered advisor
so trade on your own risk
and
if one wanna buy a great R:R can enter at cmp but with strict SL
SL will be closing basis below support zone in weekly timeframe or as per your setup
target as per fibo level one can take a sum of profit or trail as per fibo level or there own setup
one thing keep in mind its a weekly chart all the target must be follow on weekly basis
do u own analysis i might be wrong
i am not a sebi registered advisor
so trade on your own risk