Swing Opportunity in Voltas
Go Long above 1202.8 for Targets of 1262.4, and 1322 with SL 1143.2
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 0.5 Fibonacci level.
2. A bullish candlestick pattern ( Bullish Hammer ) and ( Bullish Engulfing ) marked with the orange color is formed around 0.5 Fibonacci level.
3. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
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 0.5 Fibonacci level.
2. A bullish candlestick pattern ( Bullish Hammer ) and ( Bullish Engulfing ) marked with the orange color is formed around 0.5 Fibonacci level.
3. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
Trade active
Entry triggered on 1 Nov 2021Trade closed: target reached
Target 1 achieved on 9 Nov 2021
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.
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.