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Novicetrader2015
3 de Jun de 2021 19:10

TATA POWER - Swing (Fibonacci Retracement) Viés de alta

TATA POWER CO LTDNSE

Descrição

Stock has risen from Golden Fibonacci Level of 38.2%. If sustains above TL and crosses 111 on Daily candle close then can target levels of 115, 120 and 125

Comentário

First target reached in 1 session only. Can book 40%

Trade fechado: objetivo atingido

2nd target also hit, can book 80%. Awesome swing trade
Comentários
jayeshkarmur1100
Today possible target 111 ?
Novicetrader2015
@jayeshkarmur1100, Today not possible..market is bearish.
jayeshkarmur1100
@Novicetrader2015, if the market positive on monday so target possible 111?
Or, june expiry possible 115 ?
Pls suggestions because i have CE 115 @3
HOLD YA EXIT ?
Novicetrader2015
@jayeshkarmur1100, Stock should touch 114.70/115 by month end but needs to break the TL mentioned in chart on Daily closing basis.
It might retrace to 78.6% Fibo levels on Monday/Tuesday before bouncing back up. If your loss is big then exit if Daily candle closes below 105.50.

Just a suggestion - Don't trade in Stock options unless you have 2+ years experience and good knowledge of Options Greeks
Novicetrader2015
@jayeshkarmur1100, Your monthly target reached today itself, hope you earned good :)
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