Go Long above 773.05 for Targets of 811.1, 849.15, and 887.2 with SL 735
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 a bullish candlestick pattern Bullish Harami (marked with orange color) is formed twice around 0.618 Fibonacci level.
4. Also there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.
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 a bullish candlestick pattern Bullish Harami (marked with orange color) is formed twice around 0.618 Fibonacci level.
4. Also there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.
Trade active:
Entry triggered on 10 Nov 2021
Trade closed: target reached:
Target 1 achieved on 15 Nov 2021