Positional
UPL- Take Reverse From Support ZoneUPL was moving with the trendline and now it was consolidated nearby the trendline and now it's given a breakout in an upward direction as you can see now. This breakout can give very good risk-reward on a positional basis, traders can also find opportunities on daily basis based on their setup.
Entry Level:- Above @740 (Wait for Retest around 740)
Stop Loss:- Below @708
Target:- Book target based on your entry (For intraday Might be different)
Happiest Mind 61.8% Fibonacci Positional TradeFibonacci 61.8% retracement is the most important Fibonacci level in the markets and is a good trading strategy when combined with price action.
This retracement level is most likely to generate a reversal price move.
Happiest Mind once bounced from 61.8% Fibonacci support in the month of July 2022.
Currently, it is retesting the same support area and there is a probability that it might bounce from here again.
Considering the good risk-reward ratio, there is a good positional trade opportunity here.
If the price sustains 750 levels, there is a possibility that it might test 1000 levels initially and then 1400 levels this year.
IDFC BREAKOUT idfc give long tern breakout its a 15 years breakout every one do check once this idea might be helpful