SWING IDEA - GSFC
Updated
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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