LONG POSITIONAL
WEEKLY TF ANALYSIS
As we can observe the chart on weekly and daily TF it is making a good CUP AND HANDLE pattern. And we can see stock has retested the level of 600, if price sustain then below 610 is a good area to plan a LONG. As I have marked the levels 818 can be the TGT, and we can see kind of resistance at 775, 575 should be support zone. I am sharing my POV with you guys, you can study the chart by your own. Keep observing, any news related to sector can play a huge role.
PS: THIS IS JUST FYI AND NOT A BUY/SELL RECOMMENDATION.
Happy Trading.
As we can observe the chart on weekly and daily TF it is making a good CUP AND HANDLE pattern. And we can see stock has retested the level of 600, if price sustain then below 610 is a good area to plan a LONG. As I have marked the levels 818 can be the TGT, and we can see kind of resistance at 775, 575 should be support zone. I am sharing my POV with you guys, you can study the chart by your own. Keep observing, any news related to sector can play a huge role.
PS: THIS IS JUST FYI AND NOT A BUY/SELL RECOMMENDATION.
Happy Trading.
أغلقت الصفقة: تم الوصول للهدف
Today I booked all my profit as the stock reached our TGT.My Entry was at 600 and SL was 550, so you can calculate the returns.
Although I was expecting TGT to be achieved earlier, but it was a safe bet so far.
I am happy with my gains. Hope my study helped you too.
Thanks,
Keep Trading.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.