Swing opportunity in Bharat Dynamics Limited

已更新
Go Long above 336.85 for targets of 347.75, 358.5, and above, with SL 326

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 0.618 Fibonacci level.

2. Also a bullish chart pattern, Falling Wedge (marked with purple color) gave breakout.

3. After Wedge breakout it is retesting the breakout level and has formed a bullish candlestick pattern (Bullish Hammer), marked with an orange circle.
註釋
Its Bullish Harami pattern
交易進行
Entry Triggered on 05 May 2021
交易結束:目標達成
Both Targets Achieved. Enjoy !!!
Candlestick AnalysisFibonacciWedge

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