Technically the stock looks good. There are multiple confirmations for the same. The reasons are stated below :
Stock could easily move unto 193-198.65 levels in coming weeks.
198.65 is all the high for this stock.
SL - daily close below 165
- stock is in a uptrend and corrected till the 0.618 zone (golden zone)
- 50EMA support in daily TF
- created a 'W' pattern
- a strong bullish engulfing candle on a crucial zone (engulfed 4 daily candles)
Stock could easily move unto 193-198.65 levels in coming weeks.
198.65 is all the high for this stock.
- 1st target will be 193-198
- 2nd target will be 211
SL - daily close below 165
Comment:
We hit our second target as well.
Got 20% easily.
done with this trade.
THANK YOU !!
---- END ----
Got 20% easily.
done with this trade.
THANK YOU !!
---- END ----
Trade closed: target reached:
stock price made a high of 291.
65% up from our buying price.
65% up from our buying price.
Comment:
Price is 81.8% up from our buying price.
the stock looks good.