Go Long above 689.1 for Targets of 713.65, 738.2, and 762.75 with SL 664.55
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 Hammer (marked with orange color) is formed around 0.618 Fibonacci level.\
3. In addition to this the stock gave Trendline breakout.
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 Hammer (marked with orange color) is formed around 0.618 Fibonacci level.\
3. In addition to this the stock gave Trendline breakout.
Trade active:
Entry Triggered on 21 Dec 2021
Trade closed: target reached:
Target 1 achieved on 22 Dec 2021