Swing Opportunity in Jubilant Food
Aggiornato
Go Long above 3853.2 for Targets of 4071.4, 4507.8, and 177.3 with SL 3635
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 support zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
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 support zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Trade attivo
Entry triggered on 8 Nov 2021Trade chiuso: obiettivo raggiunto
Target 1 achieved on 16 Nov 2021
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