Swing Opportunity in M&M Finance
Go Long above 154.6 for Targets of 160.45, 166.3, and 172.15 with SL 148.75
Reasons to go Long :
1. If we draw Fibonacci Retracement from swing low (Point A) to swing high (Point B) on a 1-day chart we see the stock took support around 0.5 Fibonacci level and moved up.
2. On 0.5 Fibonacci level the stock has made a bullish candlestick pattern (Bullish Harami) and another bullish candlestick pattern (Bullish Engulfing) around 0.5 Fibonacci level.
3. Also we can see that the stock is forming double bottom (W pattern) which is a bullish chart pattern.
4. In addition to this there is a strong demand zone (marked with a purple color ) around 0.5 Fibonacci level from which the stock is moving up.
5. Also there is a high possibility that the stock will give a trendline breakout.
Reasons to go Long :
1. If we draw Fibonacci Retracement from swing low (Point A) to swing high (Point B) on a 1-day chart we see the stock took support around 0.5 Fibonacci level and moved up.
2. On 0.5 Fibonacci level the stock has made a bullish candlestick pattern (Bullish Harami) and another bullish candlestick pattern (Bullish Engulfing) around 0.5 Fibonacci level.
3. Also we can see that the stock is forming double bottom (W pattern) which is a bullish chart pattern.
4. In addition to this there is a strong demand zone (marked with a purple color ) around 0.5 Fibonacci level from which the stock is moving up.
5. Also there is a high possibility that the stock will give a trendline breakout.
交易進行
Entry triggered on 12 Aug 2021交易結束：達到停損點
SL hit on 17 Aug 2021
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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。