Go Long above 4602.15 for Targets of 4916.55, and 5230.95 with SL 4287.75
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. In addition to this the stock will give Trendline breakout once it crosses 4600 level
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. In addition to this the stock will give Trendline breakout once it crosses 4600 level
Trade ativo:
Entry triggered on 05 Oct 2021
Trade fechado: objetivo atingido:
Both Targets achieved on 19 Oct 2021