Swing Opportunity in KEC International
Go Long above 480.05 for Targets of 504.45, and 528.85 with SL 455.65
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 0.5 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. In addition to this there is a strong trendline (marked with green color), which is providing support to the stock
4. There is a small gap which the stock may try to fill.
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 0.5 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
3. In addition to this there is a strong trendline (marked with green color), which is providing support to the stock
4. There is a small gap which the stock may try to fill.
Trade ativo
Entry triggered on 18 Nov 2021
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.