Idea: At important Fibonacci support
Updated
Idea
9.45 / 8.8 are 2 important levels for Idea
The stock is at important 38.2% Fibonacci retracement support levels
Short term target 12 / 14
Exit if weekly closing is below 8.50
Sustaining above 14.5 levels and the doors would open for target of 22 / 28
At current levels it provides good risk::reward ratio to go long
Take care & safe trading...!!!
9.45 / 8.8 are 2 important levels for Idea
The stock is at important 38.2% Fibonacci retracement support levels
Short term target 12 / 14
Exit if weekly closing is below 8.50
Sustaining above 14.5 levels and the doors would open for target of 22 / 28
At current levels it provides good risk::reward ratio to go long
Take care & safe trading...!!!
Note
Idea zooms 10% to 10.35
Turns out to be What an idea Sirji, moment...😀
Trading decisions based on Technical Analysis once again shows it's magic
Happy trading...!!!
Like & Follow for more such ideas
But don't just follow me blindly
Learn to identify such opportunities yourself, independently!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.