UPL taking support @ 589.45, Buy above 609.8
https://www.tradingview.com/x/QFGkAF0o/
The Author uses confluence of GANN, Fibonacci and Wave Analysis along with his unique and leading indicator - Fibo 17, which makes Price - Time and Volume Analysis very easy. Easy to understand Analysis for Swing, Intraday and Long- Term Investing as well.
At the intersection of pink vertical line candle closed at 589.45, and last candle made a low of 590.1. Clearly showing a support at this level. Red solid line is a strong trend- line.
Buy, above 609.8 i.e. Fibo 13 with stop loss of 590.1 as is recommended by Gann to enter only when the price enters the third square with first square as the stop loss. Expect a short term target of 625 and then 650.
Execute only with the help of other indicators, such as Williams R%, EMAs and those who know options, can analyse on the basis of option chain as well.
Disclaimer: There is no recommendation to buy or sell. The content has been generated only for Educational Purposes and Author is not a SEBI Registered Analyst. Please consult your Financial Advisor before trading/investing.
Together we grow, Happy to Share!
Note:
Please check author's analysis on other stocks, indices and crypto.
Thank you
The Author uses confluence of GANN, Fibonacci and Wave Analysis along with his unique and leading indicator - Fibo 17, which makes Price - Time and Volume Analysis very easy. Easy to understand Analysis for Swing, Intraday and Long- Term Investing as well.
At the intersection of pink vertical line candle closed at 589.45, and last candle made a low of 590.1. Clearly showing a support at this level. Red solid line is a strong trend- line.
Buy, above 609.8 i.e. Fibo 13 with stop loss of 590.1 as is recommended by Gann to enter only when the price enters the third square with first square as the stop loss. Expect a short term target of 625 and then 650.
Execute only with the help of other indicators, such as Williams R%, EMAs and those who know options, can analyse on the basis of option chain as well.
Disclaimer: There is no recommendation to buy or sell. The content has been generated only for Educational Purposes and Author is not a SEBI Registered Analyst. Please consult your Financial Advisor before trading/investing.
Together we grow, Happy to Share!
Note:
Please check author's analysis on other stocks, indices and crypto.
Thank you
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.