Going long in Daawat around the previous swing highs

Nov 24, 2022

As long as price is above 110 on a weekly closing basis, target remains 200+ with a major resistance at 170 being the 1.618 fibonacci level taken from previous high.. previous attempt was thwarted right at another fib level of 1.272...we may see a more consistent and sustaining upmove towards 170 if the rebound happens from hereon...
SL price closing below 110

Nov 28, 2022

Note

Volumes are not supportive....A major board meeting is looming on the first week of December to get in SALIC with 9% equity in the main company....tracking closely