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Nimish_Ghagare
Jul 29, 2021 6:14 PM

Swing Opportunity in Strides Pharma Long

STRIDES PHARMA SCINSE

Description

Go Long above 780, Targets of 828.45, 876.9, and 925.35 with SL 731.55

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 0.618 Fibonacci level.

2. A bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed at 0.618 Fibonacci level.

3. Also there is a strong demand zone as this level is acting as a support to the stock.

Trade active

Entry triggered on 30 July 2021

Trade closed: stop reached

SL got hit on August 2021
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