Only for Educational Purpose. Trade at your own Risk.
Enter @ 683, Target 709, 734.9
Reasons for Long above 683
1. On a 2H chart if we draw Fibonacci retracement from point A (lowest swing) to point B (highest swing till now) we see it has made a bullish hammer at 0.382 Fibonacci level.
2. Also around 0.382 Fibonacci level there is a demand/supply zone. In the month of February 2021, it was facing resistance and then gave a breakout from this level. Now it is testing the same zone and now it is taking the support.
Enter @ 683, Target 709, 734.9
Reasons for Long above 683
1. On a 2H chart if we draw Fibonacci retracement from point A (lowest swing) to point B (highest swing till now) we see it has made a bullish hammer at 0.382 Fibonacci level.
2. Also around 0.382 Fibonacci level there is a demand/supply zone. In the month of February 2021, it was facing resistance and then gave a breakout from this level. Now it is testing the same zone and now it is taking the support.
Trade active:
Entry triggered on Friday (19 March 2021). Be in the trade.
Trade active:
Book partial profit at Target 1. Trail rest for Target 2 by keeping SL as Buy Price.
Trade active:
Target 1 Achieved. Book profits. You can hold for Target 2 as well by booking profit partially and keep SL as buy price.
Trade closed: target reached:
Both Targets Achieved.