Go Long above 104.6 for Targets of 109.95, 115.3, and 120.65 with SL 99.25
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. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. Also there is a Trendline (marked with the green color) which is providing support to the stock
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. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. Also there is a Trendline (marked with the green color) which is providing support to the stock
Trade active:
Entry Triggered on 29 Sep 2021
Trade closed: target reached:
Target 1 achieved on 30 Sep 2021
Trade closed: target reached:
Target 2 achieved on 14 Oct 2021