Go Long above 422.5 for Targets of 440.35, 458.2, 476.05, and 493.9 with SL 404.65
Reason 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. The stock was trading in a small range for a couple of weeks and now it gave a breakout with high volume.
Reason 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. The stock was trading in a small range for a couple of weeks and now it gave a breakout with high volume.
Trade active:
Entry Triggered on 14 June 2021
Trade closed: stop reached:
Sl Hit 0n 17 June 2021