JTEKT INDIA LTDشراء
Swing Opportunity in JTEKT India
تم تحديثه
Go Long above 107.1 for Targets of 114.45, 121.8, and 129.15 with SL 99.75
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. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. The stock may go up to the Trendline (marked with red color) and face resistance. Our final target is just below this trendline.
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. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. The stock may go up to the Trendline (marked with red color) and face resistance. Our final target is just below this trendline.
تم فتح الصفقة
Entry triggered on 20 Sep 2021أغلقت الصفقة: تم الوصول لوقف الخسارة
SL hit on 25 Oct 2021
إخلاء المسؤولية
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