Go Long above 421.4 for Targets of 435.3, 449.2, and 463.1 with SL 407.5
Reasons 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 0.382 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382 Fibonacci level.
3. Also there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.
Reasons 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 0.382 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382 Fibonacci level.
3. Also there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.
Trade active:
Entry triggered on 31 Aug 2021
Trade closed: target reached:
Target 1 achieved on 8 Sep 2021
Trade closed: target reached:
Target 2 achieved on 16 Sep 2021
Trade closed: target reached:
Target 3 achieved on 16 Sep 2021