Swing Trade in GodrejCP
Only for Educational Purpose.
Go Long above 677.6 for target 709.15 with SL 646.15
Reasons :
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. Also a bullish candlestick pattern, bullish engulfing (marked with dark blue circle) is formed at 0.5 Fibonacci level.
3. Also there is a strong support zone (marked with a green rectangle) around 0.5 Fibonacci level from which the stock took to support and moved up.
So there is a high possibility that stock will show upmove and we have placed our target just below the resistance level (marked with a red rectangle).
Go Long above 677.6 for target 709.15 with SL 646.15
Reasons :
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. Also a bullish candlestick pattern, bullish engulfing (marked with dark blue circle) is formed at 0.5 Fibonacci level.
3. Also there is a strong support zone (marked with a green rectangle) around 0.5 Fibonacci level from which the stock took to support and moved up.
So there is a high possibility that stock will show upmove and we have placed our target just below the resistance level (marked with a red rectangle).
Dagangan aktif
Entry triggered today (22 March 2021). Hold for Target 1.Dagangan ditutup: sasaran tercapai
The target of 709.15 is achieved. Safe Traders can book profits. Aggressive traders can partially book profits and trail SL for RR 1:2. Long-term traders can hold.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.