Swing Opportunity in M&M Finance
Go Long above 154.6 for Targets of 160.45, 166.3, and 172.15 with SL 148.75
Reasons to go Long :
1. If we draw Fibonacci Retracement from swing low (Point A) to swing high (Point B) on a 1-day chart we see the stock took support around 0.5 Fibonacci level and moved up.
2. On 0.5 Fibonacci level the stock has made a bullish candlestick pattern (Bullish Harami) and another bullish candlestick pattern (Bullish Engulfing) around 0.5 Fibonacci level.
3. Also we can see that the stock is forming double bottom (W pattern) which is a bullish chart pattern.
4. In addition to this there is a strong demand zone (marked with a purple color ) around 0.5 Fibonacci level from which the stock is moving up.
5. Also there is a high possibility that the stock will give a trendline breakout.
Reasons to go Long :
1. If we draw Fibonacci Retracement from swing low (Point A) to swing high (Point B) on a 1-day chart we see the stock took support around 0.5 Fibonacci level and moved up.
2. On 0.5 Fibonacci level the stock has made a bullish candlestick pattern (Bullish Harami) and another bullish candlestick pattern (Bullish Engulfing) around 0.5 Fibonacci level.
3. Also we can see that the stock is forming double bottom (W pattern) which is a bullish chart pattern.
4. In addition to this there is a strong demand zone (marked with a purple color ) around 0.5 Fibonacci level from which the stock is moving up.
5. Also there is a high possibility that the stock will give a trendline breakout.
Transaction en cours
Entry triggered on 12 Aug 2021Trade fermée: ordre d’arrêt atteint
SL hit on 17 Aug 2021
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.