Long

gujgas : triangle pattern trade with fibonacii retracements

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GUJARAT GAS ⛽

CMP 424

TRADE SETUP:
1. BUY UPTO 420
2. KEEPING 400 AS CLOSING BASIS STOPLOSS
3. TARGETS 🎯
444 / 472 / 492 / 518 / 538+

TECHNICAL SETUP:
1. TRIANGLE PATTERN
2. NEAR STRONG MULTIYEAR SUPPORT
3. WEEKLY DOJI CANDLE
4. VALUE ADDITION
5. FIBONACCI RETRACEMENTS REVERSAL BUY
6. BULLISH HARMONICS TRADE SETUP AT .886
7. POTENTIAL BREAKOUT TRADE ABOVE 444

NOTE :
stock is trading at the apex zone of the triangle pattern with good price compression after a long period of consolidation.
Weekly doji candle indicating exaust in selling pressure too.
Good value addition for the bullish targets as mentioned in charts
Anmerkung
454+ high
Anmerkung
460+ high
Anmerkung
477+ high
Anmerkung
495+ HIGH
Anmerkung
523+ high
Anmerkung
548+ high
Trade geschlossen: Ziel wurde erreicht
Candlestick AnalysisFibonacciTriangle

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