NAUKRI - FIBO TRADE WITH RISK/ REWARD 1:3
Updated
1) ON NARROW RANGE BREAKOUT / FLAG BO ON 04.01.21 THE STOCK HAD MADE NEW HIGH OF 5880
2) AFTER MAKING NEW HIGH THE STOCK RETESTED THE SUPPORT AT 0.618 FIBO LEVEL AND BOUNCED BACK WITH SIGNIFICANT VOLUME
3) STOCK HAS POTENTIAL TO MOVE UP TO 6100 @ FIBO 1.618 WITH THE SUPPORT OF 4850
2) AFTER MAKING NEW HIGH THE STOCK RETESTED THE SUPPORT AT 0.618 FIBO LEVEL AND BOUNCED BACK WITH SIGNIFICANT VOLUME
3) STOCK HAS POTENTIAL TO MOVE UP TO 6100 @ FIBO 1.618 WITH THE SUPPORT OF 4850
Note
Trade failed. SL hit
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