JUBLINGREA LONG technical analysis
On 1D Time Frame,
1) took support at 0.5-0.618 fib level.
2) formed inverted head and shoulder and also gave a breakout + retest of neckline.
3) On drawing the Fibonacci tool from last swing high and swing low, we can take 0.5-0.618 fib level as initial target and 1 fib level as the final target. (marked in the chart)
4) Also, taking support of 50 EMA.
SL- 530
Target 1 - 700 approx.
Target 2 - 835.
1) took support at 0.5-0.618 fib level.
2) formed inverted head and shoulder and also gave a breakout + retest of neckline.
3) On drawing the Fibonacci tool from last swing high and swing low, we can take 0.5-0.618 fib level as initial target and 1 fib level as the final target. (marked in the chart)
4) Also, taking support of 50 EMA.
SL- 530
Target 1 - 700 approx.
Target 2 - 835.
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