Philip carbon is giving two trade possibilities as it is the mid zone of resistance and support.
A pullback around 150 is a good zone for pullback entry. And a break above 180 is good for long as well.
Using the fib extension analysis - it makes sense to wait for the pullback as the breakout zone (180) is close to 1.6 fib ext levels (which can be used as possible target-1)
A pullback around 150 is a good zone for pullback entry. And a break above 180 is good for long as well.
Using the fib extension analysis - it makes sense to wait for the pullback as the breakout zone (180) is close to 1.6 fib ext levels (which can be used as possible target-1)
Comment:
Stock has shown strength today despite signs of market correction.
Trade closed: target reached:
01/22 - Touched the target levels of 207.3