Go Long above 1349.1 for Targets of 1407.4, 1465.95, 1524.5, and 1583.05 with SL 1290.55
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 there was a Trendline that was providing resistance to the stock and now it has given breakout with high volume.
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 there was a Trendline that was providing resistance to the stock and now it has given breakout with high volume.
Trade closed: target reached:
Target 1 achieved on 14 July 2021.