Swing opportunity in Bharat Dynamics Limited
Aggiornato
Go Long above 336.85 for targets of 347.75, 358.5, and above, with SL 326
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. Also a bullish chart pattern, Falling Wedge (marked with purple color) gave breakout.
3. After Wedge breakout it is retesting the breakout level and has formed a bullish candlestick pattern (Bullish Hammer), marked with an orange circle.
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. Also a bullish chart pattern, Falling Wedge (marked with purple color) gave breakout.
3. After Wedge breakout it is retesting the breakout level and has formed a bullish candlestick pattern (Bullish Hammer), marked with an orange circle.
Nota
Its Bullish Harami patternTrade attivo
Entry Triggered on 05 May 2021Trade chiuso: obiettivo raggiunto
Both Targets Achieved. Enjoy !!!
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