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).
交易進行
Entry triggered today (22 March 2021). Hold for Target 1.交易結束：目標達成
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.
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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。