Swing Opportunity in Jubilant Food
Обновлено
Go Long above 3853.2 for Targets of 4071.4, 4507.8, and 177.3 with SL 3635
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. Also there is a strong support zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. Also there is a strong support zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Сделка активна
Entry triggered on 8 Nov 2021Сделка закрыта: достигнута тейк-профит цена
Target 1 achieved on 16 Nov 2021
Отказ от ответственности
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