Pattern formed : Bullish Piercing on daily time frame
Trade Details BUY ENTRY 788 STOP LOSS 776 TARGET 812 PROFIT 2000 LOSS 1000 QUANTITY 83 Risk Reward 1:2
Resistance levels: 780-796-823 Support levels: 738-711-695
Reason for trade: On November 23rd the stock formed a Bullish Engulfing pattern at the level of 727.20 and moved up to the levels of 825. The stock has once again pulled itself up from the same level i.e todays low 727.15 and has closed at 764.25. Expecting a similar kind of move till 825. Kindly follow support and resistance before entering your trades.
The selection of this stock is purely based on chart pattern and back reference. Kindly maintain strict stop loss and book profits at 1:1 and trail. Actual targets: 804-824
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.