Technically the stock looks good. There are multiple confirmations for the same. The reasons are stated below :
Stock could easily move unto 193-198.65 levels in coming weeks.
198.65 is all the high for this stock.
SL - daily close below 165
- stock is in a uptrend and corrected till the 0.618 zone (golden zone)
- 50EMA support in daily TF
- created a 'W' pattern
- a strong bullish engulfing candle on a crucial zone (engulfed 4 daily candles)
Stock could easily move unto 193-198.65 levels in coming weeks.
198.65 is all the high for this stock.
- 1st target will be 193-198
- 2nd target will be 211
SL - daily close below 165
Note
we can add some quantity.the stock looks good.
Note
We hit our second target as well.Got 20% easily.
done with this trade.
THANK YOU !!
---- END ----
Trade closed: target reached
stock price made a high of 291.65% up from our buying price.
Note
Price is 81.8% up from our buying price.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.