SWING IDEA - SAINT GOBAIN
Updated
- Strong breakout and a retest is on going
- previously 111 levels acted as a strong resistance and now it is broken and is acting like a support
- 50EMA support on daily TF
- 0.61% Fibonacci support
Note
stock price is holding above 111 levelswhich indeed seems to be a strong support.
we might witness a rally upside.
Note
Finally, stock price broke out of consolidation phase and made a strong bullish candle.
We could soon see a convincing rally.
Just HOLD on !!
Note
first target achieved - 131.second target should be 137.
SL - closing below 111
Note
Daily candle closed above 131.We can add quantity.
Target will be 152 // 180.
Trade closed: target reached
152 target achieved.made a high of 34%+ from our buying price
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