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RAJNAM
Dec 30, 2020 6:40 AM

PULL BACK & BREAKOUT LEVELS Long

Description

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)

Comment

Stock has shown strength today despite signs of market correction.

Trade closed: target reached

01/22 - Touched the target levels of 207.3
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