Swing / Positional Opportunity in Star Health
Updated
Go Long @ 598.5 for Targets of 640, 697, and 750 with SL 573
Reasons to go Long :
1. On weekly timeframe stock gave Trendline breakout (marked with green color).
2. If we draw Fibonacci retracement from the recent swing low to the swing high then the stock took support from the 0.382 Fibonacci level.
3. In addition to this, the stock formed a Double Bottom (W) pattern (marked with a black dotted line) around 0.382 Fibonacci level.
Reasons to go Long :
1. On weekly timeframe stock gave Trendline breakout (marked with green color).
2. If we draw Fibonacci retracement from the recent swing low to the swing high then the stock took support from the 0.382 Fibonacci level.
3. In addition to this, the stock formed a Double Bottom (W) pattern (marked with a black dotted line) around 0.382 Fibonacci level.
Trade active
Trade closed: stop reached
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