FCCL - Daily TF
Currently trend is in uptrend. AB=CD harmonic pattern has been drawn which indicates that PRZ is close, and price may reverse after testing Rs 27.70 to Rs 28.45 zone values. Hidden Bullish Divergence has already caused a pump in the price. RSI indicator also suggests that momentum is highly bullish and is going to put market in oversold condition shortly.
Historically it retraced to 0.618 level. Therefore, once again it is expected to retrace back to 0.618 level which expectedly will be Rs 22.80 .
Trade Values:
One can buy on dip around 25.50 with TP at 27.50.
Then Either take SHORT (Sell) trade on reversal or wait till traces back to Rs 22 and then again buy it.
Currently trend is in uptrend. AB=CD harmonic pattern has been drawn which indicates that PRZ is close, and price may reverse after testing Rs 27.70 to Rs 28.45 zone values. Hidden Bullish Divergence has already caused a pump in the price. RSI indicator also suggests that momentum is highly bullish and is going to put market in oversold condition shortly.
Historically it retraced to 0.618 level. Therefore, once again it is expected to retrace back to 0.618 level which expectedly will be Rs 22.80 .
Trade Values:
One can buy on dip around 25.50 with TP at 27.50.
Then Either take SHORT (Sell) trade on reversal or wait till traces back to Rs 22 and then again buy it.
註釋
After hitting TP, price crossed the resistance zone quite easily and now trading at 35.27. Therefore, now it is not likely to retrace back to 22. However, now new support zone of 32.50 to 33.50 may be tested; one can take Buy entry then. Cheers
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。