The stock has broken out of its resistance level of 2875 today, clubbed with decent volumes.
If it sustains above 2875, which should now act as support, it can be bought for target levels of 2895 and 3040.
Refer the Fibonacci Retracement tool given in the chart for various support levels which can be utilized for identifying your stop loss basis your risk profile.
Please follow us for more trading setups like these.
If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Do show your love by pressing the like if you liked the idea.
If it sustains above 2875, which should now act as support, it can be bought for target levels of 2895 and 3040.
Refer the Fibonacci Retracement tool given in the chart for various support levels which can be utilized for identifying your stop loss basis your risk profile.
Please follow us for more trading setups like these.
If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Do show your love by pressing the like if you liked the idea.