Go Long above 1777.3 for Targets of 1823.3, 1869.3, 1915.3, 1961.3, and 2007.3 with SL 1731.3
Reason to go Long :
1. The stock is forming a bullish chart pattern, Inverted Head & Shoulder.
2. 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 0.382 Fibonacci level.
3. A bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed at 0.382 Fibonacci level.
Reason to go Long :
1. The stock is forming a bullish chart pattern, Inverted Head & Shoulder.
2. 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 0.382 Fibonacci level.
3. A bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed at 0.382 Fibonacci level.
Trade active:
Entry triggered on 22 June 2021
Trade closed: stop reached:
SL hit on 23 June 2021