Chart analysis: Pattern: Symmetric triangle pattern BO happened and re-testing of BO is happening. Breakout: BO of 1.5 years trend line and support is taken at 0.618 which is Golden Ratio. Volume: Volume action is clearly visible near breakout zone.
Trade setup: Entry price: Close of 1400 price break candle. Stop loss: Below 1320. Target 1: 1512.5 Target 2: 1623.8
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Trade active
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Price closes above on 1-Feb-2024. Trade setup is active now.
Trade setup: Entry price: Close of 1400 price break candle. Stop loss: Below 1320 Target 1: 1512.5 Target 2: 1623.8
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Comment
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Gravestone Doji is formed and stock is still in uptrend.