This stock looks good for a swing trade.
Reasons are stated below :
target - 1950
stoploss - 1508
Reasons are stated below :
- 1566 levels acted as a resistance but the price broke that level and now its retesting the same.
- Formed a morning star pattern on daily time frame.
- 0.5 level Fibonacci support.
- 50EMA support on daily time frame.
target - 1950
stoploss - 1508
Note
price is up by 6% from our buying price.HOLD, price might retrace a bit.
Note
Price made a high of 10% from our buying price.It is consolidating right now so we can hold till our targets.
Note
Price corrected and made a higher low and currently is 9% up from our buying price. We can hold this.Trade closed: target reached
first target achieved 22%, price made a high of 25%+ from our buying price.Note
we can hold, price is sustaining above 1950.Note
Weekly candle is a bullish marubozu and it closed above the previous swing.we can HOLD!
Note
if you're still holding then move your stops to entry price
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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.
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.