Used Fibbo and recent swing low to project future price - Expect a rise to between 480- 500 from current price of 266. Stop loss will be 25% ATR of new highs.
Reasons -
1) Magic number projection from long Trend line support - at 125-133%
2) No near term resistance , there can be some consolidation at 300 and 340 levels
Reasons -
1) Magic number projection from long Trend line support - at 125-133%
2) No near term resistance , there can be some consolidation at 300 and 340 levels
Note
Broke out of Consolidation to 313.. Sticking to Target givenNote
Prestige moved to 376. On hold for taret at 430 next. I have exited 30% at previous swing high. Holding rest for further upmove
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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.