Swing Opportunity in Indraprastha Gas Ltd
Mis à jour
Go Long above 476.05 for Targets of 498.1, 520.15, and 542.2 with SL 454
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.618 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. There is a resistance zone (marked with red color), which is providing resistance to the stock so we have placed our final target just below it.
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.618 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. There is a resistance zone (marked with red color), which is providing resistance to the stock so we have placed our final target just below it.
Transaction en cours
Entry triggered on 1 Nov 2021Trade fermée: cible de profit atteinte
Target 1 achieved on 10 Nov 2021
Clause de non-responsabilité
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