LONG POSITIONAL
WEEKLY TF ANALYSIS
As we can observe the chart on weekly and daily TF it is making a good CUP AND HANDLE pattern. And we can see stock has retested the level of 600, if price sustain then below 610 is a good area to plan a LONG. As I have marked the levels 818 can be the TGT, and we can see kind of resistance at 775, 575 should be support zone. I am sharing my POV with you guys, you can study the chart by your own. Keep observing, any news related to sector can play a huge role.
PS: THIS IS JUST FYI AND NOT A BUY/SELL RECOMMENDATION.
Happy Trading.
As we can observe the chart on weekly and daily TF it is making a good CUP AND HANDLE pattern. And we can see stock has retested the level of 600, if price sustain then below 610 is a good area to plan a LONG. As I have marked the levels 818 can be the TGT, and we can see kind of resistance at 775, 575 should be support zone. I am sharing my POV with you guys, you can study the chart by your own. Keep observing, any news related to sector can play a huge role.
PS: THIS IS JUST FYI AND NOT A BUY/SELL RECOMMENDATION.
Happy Trading.
Trade fermée: cible de profit atteinte
Today I booked all my profit as the stock reached our TGT.My Entry was at 600 and SL was 550, so you can calculate the returns.
Although I was expecting TGT to be achieved earlier, but it was a safe bet so far.
I am happy with my gains. Hope my study helped you too.
Thanks,
Keep Trading.
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.