Happiest Mind 61.8% Fibonacci Positional Trade
Fibonacci 61.8% retracement is the most important Fibonacci level in the markets and is a good trading strategy when combined with price action.
This retracement level is most likely to generate a reversal price move.
Happiest Mind once bounced from 61.8% Fibonacci support in the month of July 2022.
Currently, it is retesting the same support area and there is a probability that it might bounce from here again.
Considering the good risk-reward ratio, there is a good positional trade opportunity here.
If the price sustains 750 levels, there is a possibility that it might test 1000 levels initially and then 1400 levels this year.
This retracement level is most likely to generate a reversal price move.
Happiest Mind once bounced from 61.8% Fibonacci support in the month of July 2022.
Currently, it is retesting the same support area and there is a probability that it might bounce from here again.
Considering the good risk-reward ratio, there is a good positional trade opportunity here.
If the price sustains 750 levels, there is a possibility that it might test 1000 levels initially and then 1400 levels this year.