Swing Trade (Tata Power)
The price shows correction of almost 10 % since its new all time high. market could possibly reverse from the marked area till its target.
Confluences to support idea.
* Daily time frame looks bullish as its taking support on 50 Ema.
* Psychological level 250.
*FIb retracement 0.618
*Long term Trendline would act as strong dynamic support.
Although Higher time frame seems pretty bullish ,but structural shift in lower time frame, from bearish to bullish must keep in mind. Always Trade with more confirmations.
Confluences to support idea.
* Daily time frame looks bullish as its taking support on 50 Ema.
* Psychological level 250.
*FIb retracement 0.618
*Long term Trendline would act as strong dynamic support.
Although Higher time frame seems pretty bullish ,but structural shift in lower time frame, from bearish to bullish must keep in mind. Always Trade with more confirmations.
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。