Swing Trade in Union Bank

アップデート済
Go Long above 35.85 for Target 38.1, 40, 42, 44 with SL 33.6

Reasons :

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. Also a bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed at 0.5 Fibonacci level.

3. Also there is a demand/ supply zone (marked with a blue rectangle ) around 0.5 Fibonacci level from which initially the stock was facing resistance in this zone and now this zone will act as support to the stock.
トレード稼働中
Entry Triggered Today (07 April 2021).
トレード終了: 利益確定目標に到達
Target 1 of 38.1 Achieved. Now exit partially and trail rest qty for higher targets by keeping SL as buy price.
Candlestick AnalysisFibonacciSupply and Demand

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