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 2021
Trade closed: target reached:
Target 1 achieved on 9 Nov 2021