Swing Opportunity in Titan
Atualizado
Go Long above 1469.85 for Targets of 1514.05, 1558.05, and 1601.7 with SL 1425.85
Reasons to go Long :
1. If we draw Fibonacci Retracement from recent swing low (Point A) to recent swing high (Point B) on a 1-day chart we see the stock took support from 0.5 Fibonacci level and moved up.
2. On 0.5 Fibonacci level the stock has made a bullish candlestick pattern (Bullish Harami) and another bullish candlestick pattern (Bullish Engulfing) around 0.382 Fibonacci level.
3. Also we can see that the stock is forming double bottom (W pattern) which is bullish.
4. In addition to this there is a strong demand zone (marked with a green rectangle) around 0.5 Fibonacci level from which the stock is moving up.
Reasons to go Long :
1. If we draw Fibonacci Retracement from recent swing low (Point A) to recent swing high (Point B) on a 1-day chart we see the stock took support from 0.5 Fibonacci level and moved up.
2. On 0.5 Fibonacci level the stock has made a bullish candlestick pattern (Bullish Harami) and another bullish candlestick pattern (Bullish Engulfing) around 0.382 Fibonacci level.
3. Also we can see that the stock is forming double bottom (W pattern) which is bullish.
4. In addition to this there is a strong demand zone (marked with a green rectangle) around 0.5 Fibonacci level from which the stock is moving up.
Trade ativo
Entry triggered on 14 May 2021Trade fechado: objetivo atingido
Target 1 Achieved. Now trail SL to Buy Price and ride for higher targetsTrade fechado: objetivo atingido
Target 2 achieved on 20 May 2021Trade fechado: objetivo atingido
Target 3 achieved on 26 May 2021
Aviso legal
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