Swing Opportunity in Jubilant Food
Go Long above 3192.1, for a Target of 3312.9 with SL 3071.3
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 0.382 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382 Fibonacci level.
3. In addition to this the stock gave a Trendline breakout.
4. Also a Bullish candlestick pattern (Bullish Engulfing) is formed around 0.382 Fibonacci 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 0.382 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382 Fibonacci level.
3. In addition to this the stock gave a Trendline breakout.
4. Also a Bullish candlestick pattern (Bullish Engulfing) is formed around 0.382 Fibonacci level.
Order dibatalkan
Our Entry did not trigger so we will not trade on this setup
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.