๐ฐ Hello my friends, here is the story I see behind this stock: โญ(Covids low - near time high )-FIBO made and saw that the stock retraced exactly 50% โญThe white line u guys see is the fibo retracements, the stock also broke its 2nd last retracement imp lvl โญD chart as time frame and trade is positional basis :) โญAscending Triangle consolidation at such good lvls + Breakout with volume and Power candle= Possible upmove โญRisk: 6% Risk and 12% target from today's closing :)
๐ฐAm I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time
๐ฐ {Some info} โผMy name is Apoorv and I am a 2nd year ELE student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. โผI hope you will love my simple analysis style. โผFeel free to suggest your view on this as learning is earning here :) โผI take my trades on my Zerodha account :) โผThese charts are my and only my work, my thought process, just from an educational point of view and no calls.